The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Seshagiri Rao Jasti
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Seshagiri Rao Jasti, Promoter and Managing Director of Keerthi Industries Ltd, has transferred 3,70,000 equity shares (4.61% of share capital) to Mr. Chetan Anand Buradagunta in the form of a Gift on May 8, 2025. Post this transfer, his holding in the company reduced from 37,01,559 shares (46.17%) to 33,31,559 shares (41.55%). The total equity share capital of the company remains unchanged at 80,16,738 shares. The disclosure has been filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is an inter-se transfer within the promoter group via gift, so there is no change in overall promoter group holding or cash impact. However, Mr. Jasti's individual stake has dropped further below the 50% mark to 41.55%, which may be noted by investors monitoring promoter holding concentration.