Kiran D Anand 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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Mrs. Kiran D Anand has received 18,83,680 equity shares (1.31% of total share capital) via transmission (inheritance) from late Mr. Deep C Anand. Following this, her individual shareholding in Gabriel India rose from 0.42% (5,99,360 shares) to 1.73% (24,83,040 shares). Mr. Deep C Anand's holding correspondingly dropped from 1.49% to 0.18% (2,62,106 shares). The transaction qualifies for exemption under Regulation 10(1)(g) of SEBI SAST Regulations as it is an inter se transfer within the promoter family. Importantly, the aggregate promoter and promoter group shareholding remains unchanged at 7,90,04,167 equity shares, representing 55.00% of the company.
No material impact on shareholders or stock price expected, as this is merely a reshuffling of shares within the promoter family due to inheritance. The overall promoter group's 55% controlling stake remains intact, meaning there is no change in control or dilution of promoter influence.