Promoter acquires 22.30% in National General Industries via gift from brother
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Pawan Kumar Modi, a promoter of National General Industries Ltd, acquired 9,99,515 equity shares (22.30% of capital) from his brother Ashok Kumar Modi as a gift on 8 June 2026 under SEBI Regulation 10(1)(a)(i) for inter-se transfer among immediate relatives. His holding rose from 13.87% to 36.16%, while Ashok Kumar Modi exited fully, dropping from 22.30% to zero. No payment was made. This is an internal promoter group reshuffle with no change in total promoter shareholding.
Internal promoter reshuffle by gift among brothers. No cash impact, no open offer needed. Neutral for minority shareholders.