Pursuant to Regulation 7(2) of SEBI (PIT) Regulations, 2015 please find enclosed disclosures received from Promoters and Promoter Group of our Company. this is for your record.
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Modern Dairies Ltd has disclosed acquisitions by its Promoters and Promoter Group entities via conversion of convertible warrants allotted earlier on a preferential basis. Alka Goyal (Promoter) acquired 4,00,000 shares at Rs. 50 each, raising her stake from 12.60% to 13.53%. Krishan Kumar Goyal (Promoter) acquired another 4,00,000 shares, taking his holding to around 14.07%. Krishan Goyal HUF acquired 4,00,000 shares (5.78% to 7.01%), and Mala Builders Pvt Ltd acquired 4,00,000 shares (1.56% to 2.98%). Chandigarh Finance Pvt Ltd, the largest buyer, picked up 12,00,000 shares worth Rs. 6 crore, lifting its stake from 4.96% to 8.70%. In total, the promoter group converted warrants into 28 lakh equity shares valued at Rs. 14 crore, all allotted between February 26 and 27, 2026.
This is a positive signal showing promoter confidence, as insiders are converting warrants into actual equity rather than letting them lapse. The shareholding of the promoter group has meaningfully increased across multiple entities, which may tighten the floating supply and reduce promoter stake dilution risk. Short-term stock impact is likely neutral to mildly positive, reflecting insider commitment at Rs. 50 per share.