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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Mrs. Chanddevi Jain has received 21,35,000 equity shares (4.45% of the diluted share capital) of KJMC Financial Services Ltd through transmission following the death of promoter Mr. Inderchand Jain. This is a family succession event, not a market purchase or sale, and no price was paid for the shares. The acquisition is exempt from the open offer requirement under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011, which covers transmissions by way of inheritance or succession. Post-transaction, Mrs. Chanddevi Jain holds 4.45% of the company, while the promoter group's combined holding stands at 43.53%. The disclosure was filed on September 15, 2025 and submitted to BSE on September 17, 2025.
This is a routine internal family transfer with no impact on shareholders or the stock price. No open offer is triggered, no funds exchange hands, and the overall promoter group control structure remains unchanged.