Ester Industries Limited has informed the Exchange regarding 'Cancellation of proposed Inter-se Transfer of shares amongst Promoter and Promoter Group '.
ESTER · price
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Ester Industries has informed the exchanges that a previously proposed inter-se transfer of shares among promoter group members, disclosed on 18th March 2026, has been cancelled. The cancelled transactions involved Ayush Vardhan Singhania acquiring 124,858 shares (0.13% voting rights) as a gift from Jai Vardhan Singhania, and Fenton Investments Private Limited acquiring 84,000 shares (0.08% voting rights) from Ayush Vardhan Singhania — a total of about 0.21% of voting rights. The transfers were called off due to 'unforeseen circumstances' and 'personal reasons' as cited by the respective promoter group members.
This is a non-event for shareholders — since the transfers were never executed, the overall promoter shareholding in Ester Industries remains unchanged. The cancellation simply means the internal reshuffle within the promoter family will not take place, and there is no impact on total promoter stake or minority shareholders.