The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jhanwarlal Bhanwarlal Sipani & PACs
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Promoter Mr. Jhanwarlal Bhanwarlal Sipani has disclosed a transfer of 5,000 equity shares (2.08% of paid-up capital) of Kusam Electrical Industries Ltd to Mrs. Milli Navin Goliya, an immediate relative and Person Acting in Concert, by way of gift without any consideration. The company's total equity share capital is Rs. 24 lakhs comprising 2,40,000 shares of Rs. 10 each. Since the recipient is part of the promoter/PAC group, the aggregate promoter group holding remains unchanged at 1,50,700 shares (62.80%) before and after the transfer. The disclosure has been made under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.
This is a routine internal reshuffle of shares within the promoter family and does not alter the overall promoter control of the company. Minority shareholders and the stock price are unlikely to be materially impacted.