Pursuant to Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulation, 2015 we hereby submit the disclosure received by the company in Form C, pertaining to inter-se transfer ....
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Meyer Apparel Ltd disclosed an inter-se transfer of 88,89,000 equity shares (11.04% of the company) valued at approximately ₹1.96 crore between promoter group entities. Promoter Gurmukh Singh Thakral acquired these shares off-market from TIL Investments Private Limited, a promoter group company. Post-transfer, Gurmukh Singh Thakral's holding rose sharply from 14,50,000 shares (1.80%) to 1,03,39,000 shares (12.84%), while TIL Investments' stake dropped from 11.04% to nil. The transaction was executed on January 29, 2026, and is an internal reshuffle within the promoter/promoter group, meaning the overall promoter group shareholding remains unchanged.
No material impact on the stock price expected since this is an internal promoter-group reorganization and total promoter ownership is unchanged. However, it concentrates voting power more directly in the individual promoter, Gurmukh Singh Thakral.