B. L. Kashyap and Sons Limited has informed the Exchange about General Updates regarding Transmission of Shares and Change in Promoter Group Classification

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₹49.99

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AI summary

Mrs. Aradhana Kashyap, a member of the promoter group, has passed away, resulting in the automatic transmission of her 76,968 shares to her legal heir, Mr. Saurabh Kashyap. As per SEBI (LODR) Regulation 31A(6)(c), Mrs. Aradhana Kashyap ceases to be classified as a promoter group member following her demise. Mr. Saurabh Kashyap, who already belongs to the promoter group, retains his promoter group classification under Regulation 31A(6)(a). The total promoter group shareholding remains effectively unchanged, as the shares have moved from one promoter group member to another within the same family.

Likely market impact

This is a routine internal transmission of shares within the promoter group and does not change the overall promoter shareholding or control of the company. Shareholders are unlikely to see any material impact on the stock price or ownership structure.