Disclosure under Reg 7(2) and Regulation 4(1) of SEBI (Prohibition of Insider Trading) Regulation 2015
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Promoter Mr. Virendra Jain disclosed an off-market transfer of 20,000 equity shares (0.07% of the company) to his cousin's daughter, Ms. Sonali Jain, on 05/04/2025. The transfer was made as a gift at nil consideration, with the shares valued at INR 2,00,000. After the transfer, Mr. Jain's shareholding in the company stands at NIL. The disclosure was filed under Regulation 7(2) and Regulation 4(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015, and was signed by both the Managing Director and the promoter.
This is a small, intra-family promoter group reshuffle with no cash transaction, so there is no material impact on the stock price or on public shareholders. Shareholding within the promoter family remains effectively unchanged.