Macpower CNC Machines promoter to take 13.4% stake from his mother

Mergers & acquisitions

Blacklitt Research29 October 20262 min read

A machine cutting a piece of metal. — Photo by Le Trung on Unsplash (Unsplash License). Illustrative image.

Macpower CNC Machines (NSE: MACPOWER) has a planned transfer of 13,39,000 shares, or 13.38% of its share capital, from Riyaben Rupeshbhai Mehta to her son Reyan Rupeshbhai Mehta, it said in a filing on 29 Oct 2026. The transfer is planned on or after 05 Nov 2026 at a stated price of Nil.

A transfer between mother and son at a Nil price

A prior intimation for an inter-se transfer between immediate relatives, made through the off-market route as a family member transfer, covers the shares. Riyaben Rupeshbhai Mehta is the transferor and Reyan Rupeshbhai Mehta the transferee, and both are in the promoter group. The acquirer says the transfer will be made on or after 05 Nov 2026.

The acquirer relies on an exemption from making an open offer and states that the transferor and transferee will comply with the disclosure requirements in Chapter V of the takeover regulations.

Holdings before and after the transfer

The acquirer and persons acting in concert, other than the seller, would go from 4.75% to 18.13% of the share capital. The seller's holding would fall from 13.39% to 982 shares, or 0.01%. The total shareholding of the promoter group is stated to be unchanged after the transfer.

What the transfer means for Macpower CNC Machines' shareholders

The transfer moves shares between two members of the promoter group, and the group's total holding does not change. The table shows the seller's holding falling and the acquirer's holding rising by the same transfer.

Whether the transfer has been completed, whether any amount is paid beyond the Nil price, and what the transfer is for beyond the family member wording are not stated. The next dated step is the proposed transfer on or after 05 Nov 2026.

At a glance

Item	Detail
Target company	MACPOWER CNC MACHINES LIMITED
Transferor	Riyaben Rupeshbhai Mehta
Transferee	Reyan Rupeshbhai Mehta
Shares to be transferred	13,39,000 (13.38% of share capital)
Price	Nil
Proposed date	On or after 05 Nov 2026
Acquirer and persons acting in concert after transfer	18.13%

Reference: Original filing (PDF)

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