Dear Sir, Please find the attached discloser submitted by our Promoter Ms Vijaya Mani after the transmission of his Husband Shares to her name . Kindly take the note of the same. For ....
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Following the demise of promoter Late Dr. Mani L.S., his 8,67,750 equity shares (34.45% of paid-up capital) have been transmitted to his wife and fellow promoter, Mrs. Vijaya Mani. Mrs. Vijaya Mani's individual holding rose from 3,80,750 shares (15.11%) to 12,48,500 shares (49.55%). The company clarifies that the total promoter and promoter group shareholding remains unchanged before and after the transmission. No new shares were issued, and the total equity share capital stays at 25,19,100 shares.
This is a non-event for shareholders — it is merely an internal transfer of shares within the promoter family due to the death of a promoter. There is no change in the promoter group's combined stake, no change in share capital, and no impact on minority shareholders. The stock price is unlikely to be affected.