K M Sugar Mills532673Promoter stake update

81,45,900 promoter shares (8.85%) transmitted within promoter group on HUF dissolution

K M Sugar Mills has reported a transmission of 81,45,900 equity shares, or 08.85% of paid-up capital, from Lakshmi Kant Dwarkadas HUF (Promoter) to Smt. Naina Devi Jhunjhunwala (Promoter Group), pursuant to dissolution of the HUF.

Thu 1 Oct 2026

2,85,49,248Naina Devi Jhunjhunwala -transaction shares

Naina Devi Jhunjhunwala pre-transaction shares2,04,03,348

Shares transmitted81,45,900 equity shares

Naina Devi Jhunjhunwala -transaction shares 2,85,49,248: Naina Devi Jhunjhunwala pre-transaction shares 2,04,03,348, Shares transmitted 81,45,900 equity shares.

Shares Transmitted: 81,45,900 equity shares (08.85% of paid-up capital)
Naina Devi Jhunjhunwala Holding Before: 20,403,348 shares (22.18%)
Naina Devi Jhunjhunwala Holding After: 28,549,248 shares (31.06%)
Total Promoter & Promoter Group Holding: 51,991,499 shares (56.51%) - unchanged
Transaction Type: Off market transmission pursuant to HUF dissolution

What happened

The company informed BSE and NSE of a disclosure made by the acquirer under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

81,45,900 equity shares, representing 08.85% of total paid-up equity capital, held by Lakshmi Kant Dwarkadas HUF (Promoter), have been transmitted to Smt. Naina Devi Jhunjhunwala (Promoter Group).
The transmission is pursuant to dissolution of the HUF, and was carried out off market.

Shareholding movement

Naina Devi Jhunjhunwala: from 20403348 shares (22.18%) to 28549248 shares (31.06%).
Lakshmi Kant Dwarkadas: from 8145900 shares (8.85%) to nil.
Other promoter group entities, including Aditya Jhunjhunwala (5289242 shares, 5.75%) and Marvel Business Private Limited (12065975 shares, 13.12%), are unchanged.
Aggregate promoter and promoter group holding: 51991499 shares (56.51%) both pre- and post-transaction.

Open offer

The acquirer is exempted from making an open offer under Regulation 10(1)(g) of the Takeover Regulations, which covers transmission.

How to read it

This is a movement of shares within the promoter family following dissolution of an HUF. There is no change in the combined promoter and promoter group stake, and no purchase or sale in the open market is involved. The public shareholding is unaffected.

31.06%Naina Devi Jhunjhunwala -transaction stake

Naina Devi Jhunjhunwala -transaction stake: 31.06%.

Also from K M Sugar Mills

Demerger of Distillery Division becomes effective; NCLT order shared with Registrar of Companies

1 Oct 2026

K M Sugar Mills Ltd: promoter reports multiple share transactions

1 Oct 2026

More numbers

Shares transmitted81,45,900 equity shares
Stake transmitted08.85%
Naina Devi Jhunjhunwala pre-transaction shares20403348
Naina Devi Jhunjhunwala pre-transaction stake22.18
Naina Devi Jhunjhunwala post-transaction shares28549248
Naina Devi Jhunjhunwala post-transaction stake31.06
Total promoter group shares (pre and post)51991499
Total promoter group stake (pre and post)56.51
Aditya Jhunjhunwala shares5289242
Aditya Jhunjhunwala stake5.75
Marvel Business Private Limited shares12065975
Marvel Business Private Limited stake13.12

Source: BSE · 1 Oct 2026

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