Promoters Gift 1,66,454 Equity Shares to Son, Also a Promoter

Inter-se promoter transfer: 1,66,454 equity shares gifted for NIL consideration.

Thu 24 Sep 2026

Shares Transferred by Mrs. Gunmala Devi Jain

1,12,045 equity shares

Shares Transferred by Mr. Shanti Lal Jain

54,409 equity shares

Total Shares Gifted

1,66,454 equity shares

Consideration

NIL

Recipient

Mr. Sanjay Jain, Promoter

What was shared

The company informed BSE about a gift of equity shares among promoters of the same family.

• Mrs. Gunmala Devi Jain, Promoter and mother of Mr. Sanjay Jain, transferred 1,12,045 fully paid-up equity shares.
• Mr. Shanti Lal Jain, Promoter and father of Mr. Sanjay Jain, transferred 54,409 fully paid-up equity shares.
• Total transferred: 1,66,454 equity shares.
• Recipient: Mr. Sanjay Jain, Promoter.
• Consideration: NIL — the shares were transferred by way of gift.

How to read this

An inter-se transfer means shares move from one promoter to another within the same group. Since the shares were held by the parents in their personal capacities and gifted to their son, who is himself a Promoter, the shares remain within the promoter family. No money changed hands.

The company also noted that disclosures received from the respective promoters under the SEBI Takeover Regulations have already been submitted to BSE's Corporate Relations Department.

Such family transfers are commonly linked to succession or estate planning rather than any change in business operations.

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