Transoceanic Properties Ltd — Updates, 09-05-2025: Company Update

Megh Mayur Infra Limited has announced a board meeting on May 16, 2025, regarding the proposed acquisition of 21,29,400 shares (33.80% of total paid-up capital) by promoter Rajendra Suganchand Shah from promoter Mitul Jagdishchandra Shah at Rs. 9.80 per share through an internal promoter share transfer. Post-transaction, Rajendra’s holding will increase from 33.87% to 67.67%, consolidating promoter control. This move reflects a restructuring within promoters and may streamline decision-making, impacting shareholder dynamics.