The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pawan Kumar Modi
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pawan Kumar Modi, a promoter of National General Industries Limited, acquired 9,99,515 equity shares (22.30% of total share capital) from Ashok Kumar Modi on 8th June 2026. The transfer was made off-market as a gift among immediate relatives and is exempt under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations. As a result, Pawan Kumar Modi's individual holding in the company increased from 6,21,556 shares (13.87%) to 16,21,071 shares (36.16%). The total share capital of the company remains unchanged at 44,82,659 equity shares. Since this is an inter-se family transfer, there is no change in overall promoter group ownership or cash transaction involved.
This is an internal reshuffling of shares within the promoter family and does not change the total promoter group holding or the company's capital structure. There is no direct impact on the stock price as no market transaction occurred, though it consolidates voting power in one promoter family member.