The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for G Sudhakar
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Awaiting price reaction for this filing.
G Sudhakar, a promoter of Jumbo Bag Ltd, has disclosed under SEBI SAST Regulation 29(2) that he transferred his entire holding of 11,987 equity shares (0.014% of total share capital) via an off-market inter-se transfer treated as a gift on 21 May 2025. Post-transfer, his voting shareholding has come down to zero. The share capital of the company remains unchanged at 8.37 crore equity shares. Given the extremely small size of the transaction, this is effectively a minor personal estate move rather than a meaningful change in promoter control.
No material impact on shareholders or stock price expected, as the transferred stake is negligible (0.014%) and the shares move within the promoter group via a gift.