The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for B Sriramulu
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KG Denim Ltd promoter B Sriramulu acquired 12,50,000 equity shares (4.88% of the company) through an off-market inter-se transfer among promoters and immediate relatives on 25 March 2026. This takes his individual holding from 8.61% (22,08,659 shares) to 13.49% (34,58,659 shares). The shares appear to have come from fellow promoter KG Balakrishnan, whose holding fell from 10.08% to 5.20%. The total promoter group holding remains unchanged at 58.74% (1,50,58,956 shares), meaning this is a reshuffling of shares within the promoter family rather than a change in overall promoter ownership.
No change in total promoter or controlling group stake, so there is no impact on overall ownership structure or control. The transaction is neutral for minority shareholders as it simply redistributes shares among existing promoters, though it concentrates more voting power in B Sriramulu individually.