The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harish Kumar Sachdeva
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Harish Kumar Sachdeva, a promoter of Jay Ushin Ltd, gifted 2,758 equity shares (0.07% of total share capital) to Ms. Smita Minda, another member of the promoter group. This is an off-market inter-se transfer between promoters and not a market purchase or sale. After the transfer, Sachdeva's holding becomes nil while Smita Minda's holding rises to 2,758 shares (0.07%). The total share capital of the company remains unchanged at 38,64,500 equity shares of ₹10 each. No change in the overall promoter group stake has occurred, as the shares have simply moved within the promoter family.
This is a routine internal reshuffling within the promoter group with no impact on the company's total promoter holding, fundamentals, or stock price. Retail investors need not be concerned as there is no change in promoter shareholding at the group level.