The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Joykutty & Annamma Joy
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Awaiting price reaction for this filing.
Promoters Joykutty and Annamma Joy of Cybele Industries filed a Regulation 29(2) SAST disclosure reporting a gift of 38,69,032 equity shares (36.17% of total equity) to their sons via off-market inter-se transfer on 27 November 2025. Joykutty gifted 26,02,078 shares (24.33%), reducing his direct holding from 28.36% to 4.03%. Annamma Joy gifted 12,66,954 shares (11.85%), bringing her holding down from 15.87% to 4.03%. Their combined direct stake fell sharply from 44.23% to 8.06%. Total equity capital of the company remains unchanged at ₹10.69 crore consisting of 1,06,95,800 shares of ₹10 each.
Since this is an inter-se transfer (gift to immediate relatives), overall control of the company stays within the promoter family and there is no change in management. Short-term stock impact is likely neutral, though the next-generation family members receiving the gifted shares may eventually be inducted as promoters.