Laxmi Devi Agarwal, Suman Agarwal, Ritu Agarwal, Kiran Agarwal has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Five members of the Agarwal family (Laxmi Devi Agarwal, Suman Agarwal, Ritu Agarwal, Kiran Agarwal, and Sangeeta Agarwal) received a total of 88,47,393 shares (9.15% of diluted share capital) via gift transfer from seven family members, including Devki Nandan Agarwal, Vinod Kumar Agarwal, Purshottam Agarwal, and others. The transfers were executed on 27th and 30th March 2026. Suman Agarwal saw the largest increase, going from 1.08% to 6.16%, and Laxmi Devi Agarwal from 0.71% to 2.17%. The company confirmed that no additional voting rights were acquired by the promoter and promoter group as a whole, and the transfer was purely a family realignment with no impact on public shareholders. Pre-notification under regulation 10(5) was filed on 19th March 2026.
The overall promoter group holding remains unchanged, so there is no dilution or change in control. This is an internal family restructuring with no direct impact on the stock price or shareholder value.