The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Seema Jattashankar Poddar & PACs
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Seema Jattashankar Poddar, who is not a promoter but is a Person Acting in Concert (PAC) with the promoter group, has sold 185,300 shares (4.22% of total equity) of Jattashankar Industries to Nilesh Bhagwanji Bapodara via an off-market transaction at Rs. 60 per share. The sale was completed on July 22, 2025, pursuant to a purchase agreement dated December 20, 2024, after complying with the mandatory open offer requirement under SEBI's takeover rules. After this sale, Seema's individual holding is reduced to 0%, while the remaining PACs (Subhash Poddar HUF, Sharad Poddar HUF, Sharad Poddar, Jattashankar Poddar, Seema Sharad Poddar) together continue to hold 67.25% of the company. The total share capital of the company stands at 43,87,100 equity shares of Rs. 10 each. This appears to be a pre-planned inter-family or related-party share transfer rather than an open-market divestment.
There is no change in the overall promoter/PAC group stake (still 67.25%), so the company's control structure remains unaffected. For retail investors, this is essentially a reshuffling of shares among connected parties at a privately negotiated price (Rs. 60/share), and the wider public float and market price should not be materially impacted.