The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for L K Jhunjhunwala & PACs
KMSUGAR · price
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K M Sugar Mills has disclosed a transmission of 1,43,02,600 equity shares (15.55% of paid-up capital) from the estate of Late Shri L.K. Jhunjhunwala (Promoter) to his nominee and legal heir, Smt. Naina Devi Jhunjhunwala (Promoter Group), effective 4 June 2026. This was an off-market transmission following the demise of the promoter, not an open-market purchase or sale. The total promoter group holding remains unchanged at 5,19,91,499 shares, i.e. 56.51% of the company's equity capital, both before and after the transmission. Naina Jhunjhunwala's individual stake has risen from 4.54% to 20.09% as a result of receiving the transmitted shares. The disclosure was filed by Aditya Jhunjhunwala, Managing Director, on behalf of the promoter group and persons acting in concert.
This is an internal reshuffle within the promoter family due to inheritance and does not change the overall promoter shareholding or the free float of the stock. Investors should note that control remains firmly with the promoter group at 56.51%, so there is no material impact on stock price or minority shareholder interests.