Please find enclosed disclosure received from Mr. Krishan Kumar Goyal under Regulation 29(2) of SEBI(SAST) Regulations, 2015 on acquisition of shares by way of transmission.
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Mr. Krishan Kumar Goyal, Promoter and Chairman & Managing Director of Modern Dairies Ltd, acquired 5,00,000 equity shares (1.95% of paid-up capital) by way of transmission from Late Shri Amarjit Goyal (a fellow promoter who passed away in December 2018) to him as joint holder, executed on 19 June 2025. This is an inter-se transfer within the promoter family and does not change the total promoter group holding. As a result, Mr. Krishan Kumar Goyal's individual stake in the company rose from 12.09% to 14.04% (voting rights basis), while his total holding including convertible instruments increased from 13.46% to 15.03% on a diluted basis. The equity share capital of the company remains unchanged at Rs. 25.61 crore.
This is a procedural, non-market transmission of shares within the promoter family that involves no cash transaction and does not alter the overall promoter group shareholding, so it is unlikely to have any meaningful impact on the stock price or minority shareholders.