Dear Sir, Please find the attached Disclosures of SEBI PIT Regulation 2015, submitted by our Promoter Ms Vijaya Mani after the transmission shares from her husband. Kindly take the ....
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Awaiting price reaction for this filing.
Colinz Laboratories has informed BSE about the transmission of promoter shares following the demise of promoter Dr. Mani I.S. His entire holding of 8,67,750 equity shares (34.45% of paid-up capital) has been transmitted to his nominee and wife, Mrs. Vijaya Mani, who is also a member of the promoter group. Consequently, Mrs. Vijaya Mani's individual shareholding has risen from 3,80,750 shares (15.11%) to 12,48,500 shares (49.56%) of the paid-up equity share capital. The disclosure is filed under Regulation 7(2)(a) of SEBI's Prohibition of Insider Trading Regulations, 2015. This is a passive transfer of shares due to inheritance, not a market transaction.
There is no change in total promoter group ownership, so this is essentially a neutral event for outside shareholders. Mrs. Vijaya Mani now individually holds just under the 50% threshold, which could have implications for any future takeover-related triggers if she crosses that mark.