Jaro Institute promoter group receives 455,098 gifted shares, holding rises to 4.10%

What Jaro Institute announced

On 22 May 2026, Jaro Institute of Technology Management and Research Ltd (BSE: 544534, NSE: JARO) filed a Regulation 10(6) disclosure with both the BSE and NSE. The filing, submitted by promoter Balkrishna Namdeo Salunkhe, reported the acquisition of 455,098 equity shares, equivalent to 2.04 % of the diluted share capital, through an inter‑se transfer by way of gift from his immediate relative, Rajendra Namdeo Salunkhe. The transaction does not involve any monetary consideration and is exempt from the mandatory open‑offer provisions under SEBI’s Substantial Acquisition of Shares & Takeovers (SAST) Regulations.

Details of the inter‑se transfer

• Acquirer / Promoter: Balkrishna Namdeo Salunkhe, residing at B‑2, 12th Floor, Millennium Towers, Sanpada, Navi Mumbai.
• Transferor / Seller: Rajendra Namdeo Salunkhe (immediate relative of the acquirer).
• Date of acquisition: 9 June 2026.
• Number of shares transferred: 455,098 shares, representing 2.04 % of the diluted share capital.
• Consideration: None – the shares were gifted out of natural love and affection.
• Regulatory exemption: The transfer falls under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, which exempts inter‑se transfers among promoters and their immediate relatives from the open‑offer requirement.
• Filing dates: The disclosure under Regulation 10(5) was filed on 22 May 2026; the accompanying letter to the exchanges is dated 20 June 2026.

Shareholding impact

Why this matters for investors

The filing confirms that the promoter group has increased its equity stake in Jaro Institute without any cash outlay. Because the transfer is classified as a gift among immediate family members, it does not trigger an open‑offer under SEBI rules, meaning existing shareholders are not entitled to a compulsory purchase offer. The increase in promoter holding from roughly 2 % to just over 4 % may be viewed as a consolidation of control, but the absolute stake remains modest relative to the total share capital. No new shares were issued, so there is no dilution effect on existing shareholders. The disclosure also demonstrates compliance with SEBI’s timing and reporting requirements, as the transaction was reported within the stipulated window.

Conclusion

Jaro Institute’s promoter group, through Balkrishna Namdeo Salunkhe, received 455,098 shares as a gift from Rajendra Namdeo Salunkhe on 9 June 2026. The inter‑se transfer, exempt under Regulation 10(1)(a)(i), raised the combined promoter holding to 4.10 % of the company’s equity. The filing, made on 22 May 2026, satisfies SEBI’s disclosure obligations under Regulations 10(5) and 10(6). No further regulatory approvals are pending for this specific transfer.