Macpower CNC Machines Limited: Reyan Mehta Takes 13.38% Stake

Macpower CNC Machines Limited disclosed that Reyan Rupeshbhai Mehta acquired a 13.38% stake on 5 November 2026 through a no-consideration family transfer from his mother. The transfer raised Reyan Mehta's holding to 18.13%, while Riyaben Rupeshbhai Mehta's holding fell to 0.01%, according to the company's exchange filing dated 9 November 2026.

How did Reyan Mehta acquire the 13.38% stake in Macpower CNC Machines?

Reyan Mehta acquired 13,39,000 equity shares of Macpower CNC Machines through an off-market transfer from Riyaben Mehta, his mother. The shares represented 13.38% of the company's share capital, and the transaction was completed on 5 November 2026.

The transfer was made without consideration. The company did not state a monetary value for the transfer or provide a reason beyond identifying it as a transfer between immediate relatives. Both Reyan Mehta and Riyaben Mehta are part of the promoter group.

Before the transaction, Reyan Mehta owned 4,75,000 shares, equivalent to 4.75% of the share capital. His holding increased to 18,14,000 shares, or 18.13%, after receiving the shares. Riyaben Mehta's holding declined from 13,39,982 shares, or 13.39%, to 982 shares, or 0.01%.

The company had flagged the proposed transaction before its completion. Reyan Mehta made a prior intimation under Regulation 10(5) on 29 October 2026, ahead of the 5 November transfer date.

Why was no open offer required for the family transfer?

Macpower CNC Machines said the transaction is exempt from an open-offer obligation under Regulation 10(1)(a)(i) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. This provision covers certain inter se transfers among qualifying persons, including immediate relatives within a promoter group.

An open offer is generally intended to give public shareholders an exit opportunity when an acquirer crosses specified ownership thresholds or obtains control. In this case, the disclosed transfer was between mother and son, both identified as promoter-group members, and the company cited the applicable exemption.

The disclosure also stated that the required prior intimation under Regulation 10(5) had been made and that the relevant disclosures were completed. The filing records the ownership change between the two individual holders rather than a purchase of shares from public shareholders or the market.

What does the transfer mean for Macpower CNC Machines shareholders?

The transfer changes the distribution of shares within the promoter group but does not represent a disclosed market purchase or sale. Since the shares moved between immediate relatives and no consideration was stated, the filing does not provide a transaction price that investors can use to assess a market valuation for the stake.

Macpower CNC Machines' reported promoter holding stood at 73.22% in the shareholding pattern for the September 2026 quarter. The filing identifies both parties as promoter-group members, while the transaction shifts a sizeable individual holding from Riyaben Mehta to Reyan Mehta.

For public shareholders, the key point is the individual change in beneficial ownership. Reyan Mehta has emerged with an 18.13% holding following the transfer, while Riyaben Mehta has retained only 982 shares. The company has not indicated any change to its business operations, capital structure, board composition, or management arising from this disclosure.

The available disclosure also does not report a share-price movement linked to the transfer. Therefore, the immediate reported impact is limited to promoter-group ownership allocation and statutory takeover-regulation compliance.

How has Macpower CNC Machines performed financially?

Macpower CNC Machines reported standalone net profit of Rs 13.47 crore for the quarter ended September 2026, up 43.60% from Rs 9.38 crore in the quarter ended September 2025. Sales for the September 2026 quarter rose 40.39% to Rs 120.33 crore from Rs 85.71 crore in the comparable previous-year quarter.

For the year ended March 2026, the company reported net profit of Rs 33.87 crore, an increase of 33.14% from Rs 25.44 crore in the year ended March 2025. Annual sales rose 27.26% to Rs 333.18 crore from Rs 261.82 crore.

These results provide operating context for the ownership disclosure. The reported transfer itself involved no consideration and does not alter the sales or profit figures, but investors tracking the company can distinguish between its financial performance and a promoter-family shareholding reallocation.

What should investors monitor after the promoter-family transfer?

Investors can monitor subsequent shareholding-pattern disclosures to track the ownership allocation among promoters and the promoter group. Macpower CNC Machines was listed on the NSE on 19 August 2020 and trades under the symbol MACPOWER, with ISIN INE155Z01011 and a face value of Rs 10 per share.

The company has also reported institutional ownership of 0.57% for foreign institutional investors and 0.39% for domestic institutional investors, while retail ownership was reported at 25.82%. These figures, along with the reported 73.22% promoter holding for the September 2026 quarter, provide the available ownership context around the family transfer.

Macpower CNC Machines had a final dividend ex-date of 16 September 2026 for a dividend of Rs 1.50 per share. Its September-quarter results had an ex-date of 26 October 2026, shortly before the 29 October prior intimation for the transfer. These are separate corporate events, and the company has not linked them to the ownership change.

Conclusion

The disclosed transfer gives Reyan Mehta an 18.13% holding in Macpower CNC Machines after he received 13,39,000 shares from Riyaben Mehta without consideration. The company has treated the transaction as an exempt inter se family transfer under the SEBI takeover regulations, with both parties belonging to the promoter group.

The next relevant disclosures will be future shareholding-pattern filings and any company announcements on business performance or corporate actions. Investors can also track whether Macpower CNC Machines provides further information on promoter-group ownership allocation following the 5 November 2026 transfer.