The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chanddevi Jain
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Promoter Mrs. Chanddevi Jain received 1,000 equity shares of KJMC Corporate Advisors (India) Ltd through transmission following the death of fellow promoter Mr. Inderchand Jain. Her shareholding increased marginally from 15,55,058 shares (39.60%) to 15,56,058 shares (39.63%), a change of just 0.03%. The transaction qualifies as a transmission/succession and is exempt from the open offer obligation under Regulation 10(1)(g) of the SEBI (SAST) Regulations, 2011. No monetary consideration was involved as this is an inheritance event.
This is a routine family transmission event with negligible impact on the shareholding pattern and no effect on stock price. The promoter group's effective control remains unchanged, and existing shareholders are not affected.