Promoter Madanlal Garg gifts 4.18 lakh shares to family via off-market transfer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 11.1 pts more than Nifty Microcap 250 and 10.8 pts more than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mr. Madanlal Garg, a promoter of Indong Tea Company, transferred 4,18,488 equity shares (about 2.15 percent of paid-up capital) on 13 July 2026 via off-market inter se transfer by way of gift to immediate relatives within the promoter group. The disclosure was filed under SEBI takeover regulations. Importantly, the aggregate shareholding of the promoter category remains unchanged before and after the transfer. This is essentially a family-level reshuffle rather than a change in overall promoter ownership or any open-market selling.
No change in aggregate promoter stake, so limited direct impact for shareholders. Family-level share reshuffle via gift, not a market sell.