Chiraharit: Malaxmi buys 52.56% stake, off-market 2026

Overview of the stake transfer

Malaxmi Climate Resilience Platform Private Limited has acquired majority control in Chiraharit Limited after purchasing a 52.56% stake through an off-market inter-se transfer. The acquisition was disclosed as having been completed on September 10, 2026, and it involved 2,87,99,990 equity shares. The seller was promoter Dr (Mrs.) Tejaswini Yarlagadda, who, as per the disclosure, will hold no direct shares in Chiraharit after the transaction. The filing positions the transfer as a promoter-group consolidation rather than a market purchase through the exchange order book. The disclosure was made to BSE Limited under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

What was acquired and at what price

The transaction price was stated at ₹8 per equity share for 2,87,99,990 shares. The same dataset also presented the transaction value as approximately ₹2.3 crore. In the proposed-deal disclosure, the price of ₹8 per share was noted as being below the 60-trading-day volume-weighted average market price (VWAP) of ₹8.65 cited in the filing. The acquisition is described as an off-market transfer, meaning it was not intended to be executed via the exchange order book.

Parties involved and promoter-group context

Malaxmi Climate Resilience Platform Private Limited is identified in the disclosure as part of Chiraharit’s promoter group. The dataset states that Malaxmi Climate Resilience Platform Private Limited was included in Chiraharit’s promoter group effective April 9, 2026. The transferor, Mrs. Tejaswini Yarlagadda, is described as the promoter from whom the shares were acquired. The filing also notes that Mrs. Yarlagadda holds 90% of the equity share capital in the acquirer, Malaxmi Climate Resilience Platform, indicating continued indirect influence through ownership of the corporate vehicle.

How the transaction was executed

The acquisition was executed as an inter-se transfer among members of the promoter group. The completed acquisition date is stated as September 10, 2026. A separate part of the dataset describes the proposed transfer date as “on or after September 7, 2026,” indicating the transaction was planned ahead of the completion. After the transfer, Malaxmi holds the majority voting rights in Chiraharit based on the acquired 52.56% stake.

Regulatory framework and why an open offer was not triggered

Chiraharit Limited filed the disclosure with BSE Limited on September 11, 2026, citing Regulation 29(1) and Regulation 29(2) of the SEBI SAST Regulations, 2011. The acquisition is stated to be exempt from making an open offer under Regulation 10(1)(a)(iii), which covers specified promoter-group transfers. The dataset also states that a preliminary disclosure under Regulation 10(5) was filed with the stock exchange on August 31, 2026, within the required timeline. The filing confirms that regulatory requirements connected to the substantial acquisition were met.

Key facts at a glance

Timeline of disclosures and dates

The sequence in the dataset shows a planned and then completed promoter-group transfer. A preliminary disclosure under Regulation 10(5) was filed on August 31, 2026. The proposed transfer date was indicated as on or after September 7, 2026. The acquisition was then stated as completed on September 10, 2026. The company filed the disclosure with BSE on September 11, 2026.

What this means for control and shareholding structure

The disclosed outcome is a shift of a 52.56% stake from an individual promoter holding to a corporate promoter entity. The filing states that Dr (Mrs.) Yarlagadda will hold no direct shares in Chiraharit after the transaction. At the same time, the dataset notes she holds 90% of the equity share capital in Malaxmi Climate Resilience Platform, the acquirer. As a result, majority control in Chiraharit is consolidated within Malaxmi Climate Resilience Platform as the shareholder of record.

Market context mentioned in the dataset

The dataset identifies Chiraharit Limited as a small-cap company on BSE (544561) and associates it with “Plastic products.” It also mentions a market reference point: as of August 24, 2026, Chiraharit’s share price was ₹9.1. The acquisition price of ₹8 per share and the cited 60-day VWAP of ₹8.65 provide additional context on how the transfer price compared with the reference values stated in the filing.

Company background and contact details included in the filing set

Chiraharit Limited was originally incorporated as a private company named Brahmani Ventures Private Limited on August 04, 2006. The status was later converted to a public limited company, and the name was changed to Chiraharit Limited dated December 02, 2024. The dataset describes Chiraharit as part of the MALAXMI Group and states it is engaged in turnkey EPC (Engineering, Procurement and Construction) projects focusing on water-based, renewable energy-based, and civil projects.

The company address listed is Malaxmi Courtyard, Survey No. 157, Khajaguda Village, Chitrapuri Colony Post, Hyderabad, Telangana 500104. Contact details provided include phone +91 7738561210, email cs@chiraharit.com, and website https://chiraharit.com/. The IPO registrar details in the dataset include phone 022-62638200, email investor@bigshareonline.com, and website www.bigshareonline.com.

Why the disclosure matters

A change in majority shareholding is material information for investors, particularly when it results in majority voting rights moving to a different promoter-group entity. In this case, the filings emphasize that the transaction was structured as a promoter-group inter-se transfer and was therefore presented as exempt from an open offer under Regulation 10(1)(a)(iii). The sequence of disclosures, including the preliminary filing under Regulation 10(5) and the subsequent disclosure under Regulation 29, frames the event as a compliance-led restructuring of promoter holdings.

Conclusion

Malaxmi Climate Resilience Platform Private Limited has formally emerged as the majority shareholder in Chiraharit Limited after acquiring 2,87,99,990 shares, or 52.56%, at ₹8 per share via an off-market promoter-group transfer. The disclosures to BSE dated September 11, 2026 reference SEBI SAST regulations supporting an open-offer exemption and document the timeline from the preliminary filing on August 31, 2026 to the completion on September 10, 2026.