The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for K G Balakrishnan
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KG Denim Ltd disclosed an inter-se promoter transfer where B Sriramulu acquired 12,50,000 equity shares (4.88% of paid-up capital) from fellow promoter KG Balakrishnan through an off-market deal on 25 March 2026. As a result, B Sriramulu's individual stake rose from 8.61% (22,08,659 shares) to 13.49% (34,58,659 shares), while KG Balakrishnan's stake fell from 10.08% (25,84,060 shares) to 5.20% (13,34,060 shares). The total promoter and promoter group holding remains unchanged at 58.74% (1,50,58,956 shares), confirming this is purely an internal reshuffle within the promoter family with no change in overall promoter control.
No material impact on shareholder value or stock price expected, as the total promoter holding and free-float remain unchanged. The deal simply reallocates ownership between two family members — B Sriramulu consolidates a larger individual stake, while KG Balakrishnan reduces exposure. Investors may note the reshuffle of voting power within the promoter group but overall control stays firmly in family hands.