Report received in compliance with Regulation 10(7) of SEBI (SAST) Regulations, 2011
JTLIND · price
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Awaiting price reaction for this filing.
Mr. Pranav Singla, Whole-time Director (Promoter Group), received 87,93,428 equity shares (2.24% of paid-up capital) from his father Mr. Vijay Singla as a Gift on December 10, 2025, off-market and without any consideration. After the transfer, Pranav Singla's holding rose from 53,88,068 shares (1.37%) to 1,41,81,496 shares (3.61%), while Vijay Singla's holding dropped from 2.24% to nil. The aggregate promoter group shareholding remained unchanged at 19,36,37,836 shares (49.26%) of the company. The transfer qualifies for exemption from open offer under Regulation 10(1)(a)(i) as it is between immediate relatives, and all required disclosures to BSE, NSE and SEBI, along with the applicable fee of Rs. 1.77 lakh, have been completed.
This is a purely internal family reshuffle within the promoter group with no change in total promoter holding (still 49.26%) and no cash involved, so it is effectively neutral for minority shareholders and should not materially affect the stock price. No open offer obligation was triggered.