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Mrs. Pravina Shetty wish to transfer 2,00,000 fully paid-up Equity Shares of Rs.10/- each held in VXL Instruments Limited (''the Company'') to her son Mr. Rishabh Shetty and Ms. Ridhima Shetty who are also part of the Promotor Group, by way of Gift. This being an inter se transfer of shares between Promoter Group, the same falls within the exemption under Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011. This is in the nature of transfer of shares through an off-market transaction between Promoter Group who are immediate relatives. The aggregate holding of the Promoter and Promoter before and after the above inter se transaction remains the same. As an abundant precaution, we are submitting this to your esteemed organisation.
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