The Indian Wood Products Co. Ltd reports promoter gift of 91.6 lakh shares (14.32% of capital)

What The Indian Wood Products Co. Ltd announced

On 19 June 2026, The Indian Wood Products Co. Ltd (the "Company") filed a disclosure with BSE under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing informs the market that promoter Bharat Mohta intends to acquire 91,60,200 equity shares of the Company from Mrs. Savita Mohta – his spouse – by way of a gift. The transfer does not involve any cash consideration and is classified as an inter‑se (inter‑separate) transfer among members of the promoter group.

"The Aggregate holding of promoters and promoters’ group before and after the above inter‑transaction shall remain the same."

The transaction is scheduled to be completed on or after 26 June 2026, which is four working days from the date of the intimation, and is claimed to fall within the exemption provided under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations.

Details of the inter‑se share transfer

• Acquirer (Promoter): Mr. Bharat Mohta, already a promoter of the Company.
• Transferor: Mrs. Savita Mohta, identified as an immediate relative within the promoter group.
• Number of shares: 91,60,200 equity shares, which constitute 14.32% of the total paid‑up share capital of the Company (as per Annexure‑I attached to the filing).
• Consideration: Nil. The shares are being transferred by way of gift pursuant to a Gift Deed, and therefore no monetary payment is involved.
• Proposed date of acquisition: Any time after 4 working days from the filing, i.e., on or after 26 June 2026.
• Rationale: The filing states the transfer is an “Inter‑Se Transfer between immediate relatives belonging to the Promoter Group,” indicating a family‑level re‑allocation of holdings rather than a commercial purchase.

Regulatory framework and exemption

The SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, require any acquisition of more than 1% of a listed company's paid‑up share capital by a person or group to be disclosed under Regulation 10(5). The filing satisfies this requirement by providing the prescribed format, including the number of shares, percentage of capital, and the identity of the parties involved.

The transaction is claimed to be exempt from the mandatory open‑offer provision under Regulation 10(1)(a)(ii) because:

1. It is an inter‑se transfer within the promoter group;
2. The aggregate promoter holding before and after the transfer remains unchanged; and
3. No consideration is involved, meaning there is no market price to benchmark against.

The acquirer also declared compliance with all disclosure obligations under Chapter V of the Takeover Regulations for the preceding three years, and confirmed that the conditions for the exemption have been duly met.

Shareholding impact

Since the transfer is purely an internal re‑allocation, the overall promoter group holding in The Indian Wood Products Co. Ltd does not change. The 14.32% stake that moves from Savita Mohta to Bharat Mohta remains within the same family, preserving the voting power and control dynamics of the promoter group. No new shares are issued, and no existing shares are sold to external parties, so there is no dilution of existing shareholders’ equity.

Key facts at a glance

Why this matters for investors

For shareholders, the filing signals a non‑dilutive reshuffling of ownership within the promoter family. Because the aggregate promoter holding does not change, the control profile of the Company remains stable. The absence of any cash consideration means the Company does not receive any funds, and there is no impact on its balance sheet. The exemption from an open‑offer requirement eliminates the need for a public tender, which could have otherwise introduced market volatility. However, investors may still monitor future disclosures to ensure that subsequent transfers, if any, do not alter the promoter’s overall stake.

Conclusion

The Indian Wood Products Co. Ltd has formally disclosed a promoter‑to‑promoter gift of 91.6 lakh shares, representing 14.32% of its paid‑up capital, to be effected on or after 26 June 2026. The transaction is exempt from an open‑offer under SEBI SAST Regulation 10(1)(a)(ii) because it does not change the total promoter holding. While the move does not affect the Company’s capital structure or dilute existing shareholders, it reflects an internal re‑allocation of voting rights within the promoter family. The filing satisfies all regulatory disclosure requirements, and no further approvals appear to be pending.