Disclosure under Regulations 29(2) of SEBI (SAST) Regulations, 2011 is attached herewith.
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Moongipa Capital Finance has informed BSE about a transmission of promoter shares following the demise of Mr. Suresh Chander Jain, who was a Promoter of the company. His 1,48,800 equity shares (1.62% of paid-up capital) have been transmitted to his nominee and son, Mr. Sanjay Jain, who is also a promoter and director. Additionally, Mr. Sanjay Jain has assumed the position of Karta of Suresh Chander Jain & Sons HUF, which continues to hold 4,42,425 shares (4.83%). Mr. Sanjay Jain's individual stake has increased from 8.43% to 10.05%. However, the overall promoter group shareholding remains unchanged at 37.39% of the company's paid-up equity capital.
This is an internal family transmission and not a market transaction — no change in total promoter group stake or voting power. The share price is unlikely to be affected, but it confirms the promoter group's consolidated holding stays at 37.39%, well below the 50% mark.