The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pawan Kumar Modi
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Pawan Kumar Modi acquired 3,49,786 equity shares (6.33%) of National General Industries Ltd as a gift from two relatives — Sangeeta Modi (2,70,976 shares, 4.90%, sister-in-law) and Shakuntala Modi (78,810 shares, 1.43%, mother) — on 11 September 2025. The transfer was made without any consideration under the inter-se transfer exemption for immediate relatives (Regulation 10(1)(a)(i) of SEBI Takeover Regulations). As a result, Pawan Kumar Modi's stake in the company rose from 4.91% (2,71,770 shares) to 11.24% (6,21,556 shares). The total promoter group holding of the company remains unchanged since the shares merely moved between family members.
This is a non-cash internal reshuffle within the promoter family and does not change the overall promoter holding or introduce any new shareholder. No open offer is triggered. Investors should see no direct impact on the stock price, though it concentrates ownership more heavily in one individual within the promoter group.