The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Subhash Poddar HUF & PACs
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Subhash Poddar HUF, which is part of the Persons Acting in Concert (PAC) group but not the promoter group, has sold 47,500 equity shares (1.08% of equity capital) of Jattashankar Industries Ltd via off-market transfer to Tarunkumar Gunvantlal Patel at Rs. 60 per share on July 22, 2025. The transaction was executed after complying with the mandatory Open Offer requirement under Regulation 3(2) of the SEBI (SAST) Regulations, 2011. Post-sale, Subhash Poddar HUF holds 0 shares in the company. The remaining PACs (Sharad Poddar HUF, Sharad Poddar, Jattashankar Poddar, Seema Sharad Poddar, and Seema Jattashankar Poddar) continue to hold 31,35,400 shares (71.47%) before and after the deal, keeping total PAC holding unchanged at 71.47%. The company's total equity share capital stands at 43,87,100 shares of Rs. 10 face value.
This is a non-promoter PAC reshuffle with no change in aggregate PAC or promoter-group control (still 71.47%), so material impact on shareholding pattern or stock price is unlikely. Existing shareholders should note that PAC control remains firmly entrenched with no dilution of controlling influence.