The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Thomas P Joy & George Joy
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Cybele Industries promoters Thomas P Joy and George P Joy, acting in concert, received a combined 38,69,032 equity shares (36.17% of the company) as a gift from their parents, Mr. Joykutty and Mrs. Annamma Joy, on 27 November 2025 via an off-market inter-se transfer. Before the transaction, the two brothers together held 27.84% of the company; after the gift, their combined promoter holding rises sharply to 64.01% (Thomas at 31.82%, George at 32.19%). The transfer is within the immediate promoter family, so there is no change in ultimate promoter control, only a consolidation of ownership at the next generation. No consideration was paid since the shares were transferred by way of gift.
No new external investor is involved, and overall promoter control remains intact, so the stock price is unlikely to move meaningfully on the news. However, the next generation of promoters now directly holds a clear majority stake, which strengthens their voting power and decision-making authority going forward.