The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sangeeta Modi
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Sangeeta Modi, a member of the promoter group of National General Industries Ltd, has transferred her entire holding of 2,70,976 equity shares (4.90% of total share capital and 6.04% of voting capital) by way of gift to immediate relatives on 11 September 2025. The transfer was carried out off-market as an inter-se transfer within the promoter family, filed under Regulation 29(2) of the SEBI Takeover Regulations. After this transfer, Sangeeta Modi's personal holding in the company is reduced to zero, but the overall promoter group's aggregate stake and the total share capital of the company remain unchanged, as the shares have moved only between family members.
This is a routine internal reshuffle within the promoter family and does not change the promoter group's total holding or the company's share capital. Retail investors are unlikely to see any material impact on the stock price, as no shares have hit the open market and control of the company is unaffected.