Sneha Kailash Katkar, a promoter of Quick Heal Technologies Limited, has acquired 33.19 lakh equity shares, representing a 6.14% stake in the company, through an inter-se transfer. The transaction, executed via a block deal on the stock exchanges on June 24, 2025, was part of an internal reorganization of investments within the promoter group.
Following this acquisition, Ms. Katkar's total shareholding in the cybersecurity firm has increased from 0.68% to 6.83%. The disclosure, made under SEBI's takeover regulations, confirms that the overall promoter group holding in the company remains unchanged.
| Particulars | Number of Shares | % of Total Voting Capital |
|---|---|---|
| Holding Before Acquisition | 3,68,017 | 0.68% |
| Shares Acquired | 33,19,498 | 6.14% |
| Holding After Acquisition | 36,87,515 | 6.83% |
Transaction Details
The acquisition was an inter-se transfer within the promoter family. Sneha Kailash Katkar (Daughter) acquired the shares from Anupama Kailash Katkar (Mother), with both individuals being part of the promoter group of Quick Heal Technologies. According to the regulatory filing, the primary objective of this transaction was "to facilitate reorganization of investments."
Such transfers are common within promoter families for purposes like succession planning, wealth management, or consolidating holdings. The transaction was carried out on the open market through a block deal, a mechanism that allows for the execution of large trades without causing significant volatility in the stock's market price.
Impact on Shareholding and Capital Structure
The acquisition has significantly boosted Sneha Kailash Katkar's individual stake in the company, making her a more substantial shareholder. Before this transaction, her holding stood at 3,68,017 shares. The addition of 33,19,498 shares has taken her total to 36,87,515 shares, or 6.83% of the company's total voting capital.
Crucially, the filing emphasizes that this was a re-alignment of shares within the promoter group. The note in the disclosure states, "The member of the promoter group has transferred through Inter-se transaction shares of the Target Company through block deal... and accordingly the total holdings of promoter group has remained unchanged post such transaction."
The company's overall capital structure is unaffected by this internal transfer. The total equity share capital and total diluted share/voting capital of Quick Heal Technologies Limited remains at 54,02,54,330, which corresponds to 5,40,25,433 equity shares with a face value of Rs. 10 each.
Market and Regulatory Context
The disclosure was filed in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that acquirers, along with persons acting in concert (PACs), must disclose their aggregate shareholding and voting rights if it crosses certain thresholds.
From a market perspective, inter-se promoter transfers are generally viewed as neutral events. Since they do not involve the entry of a new strategic investor or the exit of the promoter group, they do not typically signal a change in the company's management, control, or long-term strategy. The transaction is an internal matter of asset allocation for the promoters and does not alter the fundamental ownership structure of Quick Heal Technologies.
