The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Thomas P Joy & George P Joy
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Promoters Thomas P Joy and George P Joy received 38,69,032 shares (36.17% of share capital) of Cybele Industries Ltd as a gift from their parents JoyKutty and Annamma Joy on 27 November 2025. Thomas P Joy received 19,28,516 shares (18.03% stake), taking his holding to 31.82%, while George P Joy received 19,40,516 shares (18.15% stake), taking his holding to 32.19%. The parents' stakes dropped sharply — JoyKutty from 28.36% to 4.03%, and Annamma Joy from 15.87% to 4.03%. The transaction qualifies as an exempt inter-se transfer between immediate relatives under Regulation 10(1)(a)(i). The aggregate promoter and promoter group holding remains unchanged at approximately 72%, meaning there is no change in total promoter control of the company.
This is a purely internal family restructuring with no change in total promoter ownership, so there is no impact on the company's free float, control, or shareholder value. No open offer is triggered, and minority shareholders are unaffected as the economic interest of the promoter group is identical before and after the transfer.