Revised Disclosure under Regulation 7(2) in Form - C under SEBI (PIT) Regulation 2015 and Regulation 4(1) of Sebi (PIT) Regulation 2015
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Promoter Priti Jain has disclosed an off-market gift transfer of 65,000 equity shares (0.22% stake) of Abhijit Trading Company Ltd to her daughter Ms. Urmil on 2 April 2025 at nil consideration, valued at INR 6,50,000. After this transfer, Priti Jain's holding in the company drops to NIL, meaning she has fully exited her stake as a promoter. The disclosure was filed under SEBI's Prohibition of Insider Trading Regulations (Reg. 7(2) and Reg. 4(1)) via Form-C on 3 April 2025 and later revised on 8 April 2025. Since the shares went to an immediate relative, it qualifies as an inter-se transfer within the promoter group.
This is a non-cash, intra-family transfer of a very small stake (0.22%) at zero consideration, so it has minimal impact on the company's promoter group composition or stock price. However, it does mean one named promoter has completely exited her direct holding, with the shares now resting with her daughter.