Hariyana Ship Breakers Ltd (526931)

Hariyana Ship Breakers Ltd has received a prior intimation under Regulation 10(5) of SEBI SAST Regulations regarding an inter-se promoter transfer. Mrs. Lalitadevi Shantisarup Reniwal plans to acquire 4,14,800 equity shares (6.73% of total share capital) as a gift without consideration from her son, Mr. Rajeev Shantisarup Reniwal. The transfer is scheduled for October 16, 2026, and is exempt from open offer obligations. Aggregate promoter group holding will remain unchanged at 74.95%.

• Proposed acquisition of 4,14,800 equity shares representing 6.73% of total equity
• Transfer by way of gift without monetary consideration (acquisition price Nil)
• Proposed transaction date scheduled for October 16, 2026
• Seller's stake decreases from 31.69% to 24.96%, while acquirer and PAC holding increases from 43.26% to 49.99%

Promoter Mr. Rajeev Shantisarup Reniwal acquired 4,14,800 equity shares (representing a 6.73% stake) of Hariyana Ship Breakers Ltd via an inter-se gift from his mother, Mrs. Lalitadevi Shantisarup Reniwal. The off-market transactions occurred on August 18, 2026 (30,000 shares) and August 20, 2026 (3,84,300 shares) at zero consideration. Consequently, Mr. Rajeev Reniwal's holding increased from 24.96% (15,39,009 shares) to 31.69% (19,53,809 shares), while overall promoter holding remains unchanged at approximately 75%. The company noted an inadvertent failure to submit prior intimation under Regulation 10(5), filing the post-acquisition disclosure under Regulation 10(6) retrospectively.

• Inter-se gift transfer of 4,14,800 shares representing 6.73% of total share capital
• Acquisition conducted in two tranches: 30,000 shares (0.49%) on August 18, 2026, and 3,84,300 shares (6.24%) on August 20, 2026
• Acquirer Rajeev Reniwal's personal holding expanded from 24.96% to 31.69%
• Donor Lalitadevi Reniwal's holding reduced from 6.73% to 0.00%
• Prior intimation under Regulation 10(5) was inadvertently omitted prior to execution

Promoter group member Rajeev Shantisarup Reniwal acquired 4,14,800 equity shares (6.73% of total share capital) via gift without consideration from Mrs. Lalitadevi Shantisarup Reniwal. The transfer occurred in two tranches on August 18, 2026 (30,000 shares / 0.49%) and August 20, 2026 (3,84,800 shares / 6.24%). Total promoter group holding remains unchanged at 74.95%, with the acquirer's holding increasing from 68.22% to 74.95%. The acquirer noted that mandatory prior intimation under SEBI SAST Regulation 10(5) was inadvertently delayed.

• Inter-se gift transfer of 4,14,800 shares representing 6.73% of company voting capital
• Executed across two tranches: 30,000 shares (0.49%) on 18 August 2026 and 3,84,800 shares (6.24%) on 20 August 2026
• Transfer executed at Nil consideration between immediate family promoter group members
• Acquirer's holding increases from 68.22% (42,07,014 shares) to 74.95% (46,21,814 shares), while seller holding falls to 0%
• Requisite prior disclosure under Regulation 10(5) was delayed and submitted post-transaction

Hariyana Ship Breakers reported zero revenue from operations for the quarter ended June 30, 2026, as the company currently has no active business operations. Despite this, it posted a consolidated net profit of ₹4.42 crore, a significant turnaround from the ₹9.35 crore loss in the preceding quarter. This profit was primarily driven by ₹2.36 crore in 'Other Income' and a ₹3.08 crore share of profit from associates. The company remains an asset-heavy play with a net worth of ₹147 crore, significantly exceeding its market cap of ₹64 crore.

• Revenue from operations was ₹0.00 for the quarter ended June 30, 2026
• Consolidated Net Profit stood at ₹4.42 crore compared to ₹0.68 crore in the year-ago period
• Other Income (Consolidated) contributed ₹2.36 crore to the total income
• Share of profit from associates added ₹3.08 crore to the consolidated bottom line
• Management confirmed zero active business operations during the quarter while exploring new opportunities

Hariyana Ship Breakers Ltd has scheduled a board meeting on August 12, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is coming off a volatile FY26, where it reported a total annual revenue of just Rs 3.5 Cr and a net profit of Rs 0.39 Cr. Investors will be closely watching for a recovery following a significant net loss of Rs 9.36 Cr reported in the March 2026 quarter. Despite a small market cap of Rs 62 Cr, the company maintains a strong net worth of Rs 147 Cr.

• Board meeting date set for August 12, 2026, to review Q1 FY27 performance.
• Company reported a significant net loss of Rs 9.36 Cr in the preceding quarter (March 2026).
• TTM revenue is currently Rs 4 Cr, representing only ~6.5% of its Rs 62 Cr market capitalization.
• Promoter holding remains stable at 74.95% as of June 2026.
• The company operates with a very low Debt-to-Equity ratio of 0.03.