sebi:WTM/KV/CFD/01/2025-26

SEBI · SEBI · 2024-09-30 · Kamlesh C. Varshney, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Exemption granted

Provisions invoked

• s. 11
• s. 19

Regulations

• Reg. 4
• Reg. 11
• Reg. 3
• Reg. 10
• Reg. 5
• Reg. 2(1)(l)

Holding

Ms. Janky Rupen Patel is granted exemption from complying with regulation 5 and sub-regulation (1) of regulation 3 of the Takeover Regulations, 2011 with respect to the proposed indirect acquisition in Patel Engineering Limited by way of gift of 99.98% rights in Praham India LLP from her children.

Full text

________________________________________________________________________________________________ Exemption Order in the matter of Patel Engineering Limited Page 2 of 11 2011”) for a proposed indirect acquisition of shares in the Target Company was received from Ms. Janky Rupen Patel (“Applicant” or “Proposed Acquirer”).

________________________________________________________________________________________________ Exemption Order in the matter of Patel Engineering Limited Page 3 of 11 Company, 1,49,900 shares by way of transmission was transferred to his nominee Ms. Janky Patel on September 13, 2024. The balance shareholding of 3,06,36,033 of late Mr. Rupen Patel, being pledged, shall be transmitted in due course to Ms. Janky Patel after completion of necessary formalities with the pledgees.

________________________________________________________________________________________________ Exemption Order in the matter of Patel Engineering Limited Page 4 of 11 (e) The shareholding pattern of RCPL, one of the promoters of the Target Company is as follows:

Source: SecMarx — sebi:WTM/KV/CFD/01/2025-26. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.