The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pawan Kumar Modi
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Pawan Kumar Modi, a promoter of National General Industries Ltd, disclosed an acquisition of 3,49,786 equity shares (6.33% of total equity) through an off-market inter-se transfer by way of gift on 11th September 2025. The shares were received as gifts from immediate relatives — Sangeeta Modi (2,70,976 shares, 4.90%) and Shakuntla Modi (78,810 shares, 1.43%). As a result, his stake in the company rose from 4.91% to 11.24% of total equity capital (voting capital basis: from 6.06% to 13.86%). The transaction is exempt under Regulation 10(1)(a)(i) of SEBI Takeover Regulations as it is an inter-se transfer among immediate relatives. The company's total equity share capital remains unchanged at 55,30,259 shares of Rs. 10 each.
This is a reshuffling of shares within the promoter family and does not involve any change in the overall promoter group holding or any cash transaction. The disclosure is regulatory in nature and is unlikely to have any direct impact on the stock price, though it confirms the promoter's strengthened individual shareholding in the company.