Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Transmission of Shares of Promoter Group entity, pursuant to Scheme of Demerger approved by the Hon''ble Regional Director, ....
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Kay Power and Paper Ltd has informed the stock exchange that the promoter group entity M/s. Kay Chandra Iron Engineering Works Private Limited has received approval from the Regional Director, Western Region (MCA, Mumbai) for its Scheme of Demerger. Under this scheme, 1,42,300 equity shares (representing 0.40% of the paid-up capital of Kay Power and Paper) held by Kay Chandra Iron Engineering Works will be transmitted to M/s. Kay Chandra Capital and Investment Private Limited, which will become part of the promoter group. The company has clarified that the aggregate promoter and promoter group shareholding in Kay Power and Paper remains unchanged. The scheme is effective from 24 February 2026, with the appointed date being 1 April 2025.
This is an internal reshuffling among promoter group entities with no change in total promoter shareholding, so there is no material impact on shareholders or the stock price.