Mr. Panna Lal Bardia, Chief Executive Officer of the Company, disposed 7,11,111 equity shares to his son Mr. Jay Singh Bardia, Managing Director of the Company, as a gift on 03.09.2025 ....
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Mr. Panna Lal Bardia, CEO and Promoter of Krypton Industries, gifted 7,11,111 equity shares (about 4.84% of paid-up capital) to his son Mr. Jay Singh Bardia, the Managing Director and Promoter, on 03.09.2025. As a result, Panna Lal Bardia's holding dropped from 16,09,944 shares (10.95%) to 8,98,833 shares (6.12%), while Jay Singh Bardia's stake rose by an equivalent amount. The transaction was an off-market, inter-se transfer within the promoter family, which is exempt from open offer requirements under SEBI SAST Regulation 10(1)(a)(ii). Total promoter shareholding in the company remains unchanged since shares only moved between two promoter-group members. The company's total equity share capital remains 1,46,97,130 shares.
This is essentially a reshuffle within the promoter family (father gifting shares to son) with no change in total promoter control, so it should have no material impact on the stock price or minority shareholders. It signals succession planning within the promoter group.