Solitaire Machine Tools Limited has reported an inter-se transfer of 1,00,000 equity shares between its promoters, representing 2.20% of the company's total equity. The off-market transaction was executed on December 31, 2025, with Mr. Ashok Jivarajbhai Sheth transferring his shares to Mrs. Bharati Ashok Sheth, both being promoter entities of the company. The transaction was conducted through an off-market deal, indicating it occurred outside the regular stock exchange trading mechanism.
The company fulfilled its disclosure obligations under SEBI (Prohibition of Insider Trading) Regulations 2015 by filing Form C documentation under Regulation 7(2) on January 1, 2026. Additionally, the company complied with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring comprehensive regulatory compliance. These regulations mandate companies to inform exchanges and stakeholders about substantial changes in shareholding patterns, particularly involving promoter entities, ensuring transparency in ownership structures.
The inter-se transfer represents an internal reorganization among the promoter group without affecting the overall promoter shareholding in Solitaire Machine Tools Limited. The off-market nature of the transaction indicates it was conducted outside the regular trading mechanism of stock exchanges, typically occurring for estate planning, family arrangements, or strategic restructuring purposes within promoter families. The disposal/sell transaction maintains the shares within the promoter group, ensuring continuity in company control structure.
Solitaire Machine Tools Limited operates with CIN number L28932GJ1967PLC143293 and maintains its registered office and Plant II at A-24/25, Krishna Industrial Estate, Near B.I.D.C., Gorwa, Vadodara, Gujarat. The company also operates Plant I at 292, Dharamsinh Desai Marg, Chhani Road, Vadodara, Gujarat, demonstrating its established manufacturing presence in the region. The company is listed on BSE under scrip code 522152 and operates in the engineering and industrial equipment sector.
