Promoter's demise intimated; 42,605 shares (0.01%) to be transmitted to nominee
Orchasp Limited has informed the exchanges about the demise of Mr. Satya Shiva Kumar Kanakadandi, a promoter of the company, on the night of October 11, 2026.
- Shares held by promoter
- 42,605 (0.01%) equity shares
- Date of demise
- night of October 11, 2026
- Regulatory reference
- Regulation 31A(6)(c) of SEBI LODR Regulations, 2015
Intimation of demise
Orchasp Limited has informed the stock exchanges about the demise of Mr. Satya Shiva Kumar Kanakadandi, a promoter of the company. The update states the demise took place on the night of October 11, 2026, and that the company was intimated of it on October 12, 2026.
Shareholding involved
- He was holding 42,605 equity shares in the company.
- In percentage terms, this is 0.01% of the company's equity shares.
What happens to these shares
- The update states that transmission of his shareholding to his nominee shall be put in process.
- Till the conclusion of the transmission of shares, the above shareholding will be shown in his name.
Change in promoter / promoter group
- He would cease to be part of the promoter / promoter group of the company, in accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015.
What transmission means, simply
Transmission is the process by which shares held by a deceased shareholder are moved to the person named as nominee, or to the legal heir. Until that process is completed, the shares continue to be recorded in the name of the deceased holder, which is what the company has said will happen here.
How to read this
This is an intimation of a change in the promoter / promoter group on account of a demise, along with the shareholding that was held by the person concerned. The number of shares involved, and the percentage of the company they represent, are stated in the update and are the points a reader can check against it. The update also sets out that the shares will be transmitted to the nominee and that the promoter/promoter group position changes accordingly.
More numbers
- Equity shares held by the promoter42,605
- Promoter's holding as a percentage of equity shares0.01%
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