| Stake Transfer | 14.32%Gift Acquisition |
|---|---|
| Market Cap | ₹210.02 CrSmall Cap |
| Revenue TTM | ₹228.53 CrForest Materials |
| Piotroski Score | 6Financial Health |
Key highlights
- Bharat Mohta to acquire 91,60,200 equity shares from fellow promoter Savita Mohta
- The acquisition represents a 14.32% stake in the company and will be executed off-market
- Transaction is a gift between immediate relatives, involving no monetary consideration
- Exempt from open offer requirements under SEBI SAST Regulation 10(1)(a)(ii)
- Proposed execution date is on or after June 26, 2026, following the mandatory notice period
Details of the Inter-se Transfer
Bharat Mohta, a promoter of The Indian Wood Products Company Ltd, has filed a disclosure regarding the acquisition of 91,60,200 shares, translating to 14.32% of the company's total paid-up share capital. The shares are being gifted by Savita Mohta, an immediate relative within the promoter group. As the transaction is a gift, it is being conducted without any financial consideration.
Following this transfer, Bharat Mohta's individual shareholding will rise significantly from 76,37,530 shares (11.94%) to 1,67,97,730 shares (26.26%). The transfer is scheduled to take place after June 26, 2026, conforming to the regulatory four-day cooling period.
Strategic Consolidation and Exemption
The proposed transaction is categorized as an inter-se transfer among promoters, which falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI Substantial Acquisition of Shares and Takeover (SAST) Regulations, 2011. This specific provision allows for the transfer of shares between immediate relatives without triggering a mandatory open offer. While individual holdings within the promoter group are shifting, the aggregate shareholding of the promoter and promoter group will remain unchanged.
According to current exchange data, the total promoter holding stands at 71.26%, reflecting a high level of insider ownership in the small-cap entity.
Company Background and Operations
- Established in 1919, the company is one of the world's largest manufacturers of Catechu (Katha) and Cutch
- Operates a primary manufacturing facility in Izatnagar, Bareilly, producing materials used in tanning and dyeing
- The company caters to both domestic and international markets, supplying the food processing and leather industries
- Historical origins date back to a joint venture involving the Maharaja of Gwalior during the early 20th century
Financial Performance Overview
For the fiscal year ending March 2026, The Indian Wood Products Company reported an annual operating revenue of ₹228.53 crore, showing a marginal year-on-year growth of 1.25%. However, net profit for the same period stood at ₹4.56 crore, reflecting a 13.79% decline. The company currently trades at a price-to-earnings (PE) ratio of 46.04, which is lower than the industry average of 55.07.
Despite recent quarterly volatility, where net profit fell by over 85% year-on-year, the company maintains a Piotroski Score of 6, indicating a stable financial position within the forest materials sector.
Regulatory Declaration
The Aggregate holding of promoters and promoters’ group before and after the above inter-se transaction shall remain the same.
| Share price | ₹32.83 |
|---|---|
| Market capitalisation | ₹210.02 Cr |
| Revenue (annual) | ₹228.53 Cr |
| Net profit (annual) | ₹4.56 Cr |
| Revenue (latest quarter) | ₹68.50 Cr+28.47% vs previous quarter |
| Net profit (latest quarter) | ₹0.12 Cr-87.56% vs previous quarter |
| P/E (TTM) | 46.04×Sector 53.43× |
| Promoter holding | 71.26%+0.14% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by The Indian Wood Products Company Ltd regarding disclosure under Regulation 10(5) of SEBI SAST Regulations. Market figures from a third-party data provider.
