Chembond Material Technologies Limited (formerly known as Chembond Chemicals Limited) has announced an inter-se transfer of equity shares among its promoters. In accordance with Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Mr. Nirmal Vinod Shah will transfer 19,27,024 equity shares, constituting 14.33% of the company's total share capital, to Mr. Sameer Vinod Shah through an off-market transaction by way of gift. This transfer is being carried out under Regulation 10(1)(a)(i) of the Takeover Regulations for the reorganization and realignment of shareholding within the promoter and promoter group. The proposed date for this acquisition is December 26, 2025. As the transfer is by way of gift, no consideration is involved. Mr. Sameer Vinod Shah, who is already a promoter of the company, has confirmed that both the transferor and transferee have complied, or will comply, with the applicable disclosure requirements under Chapter V of the Takeover Regulations. He also declared that all conditions specified under Regulation 10(1)(a) for exemption from making an open offer have been duly complied with. The company has submitted the necessary intimations to both the BSE Limited and the National Stock Exchange of India Limited.
