The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shakuntla Modi
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shakuntla Modi, a promoter of National General Industries Limited, transferred 78,810 equity shares (1.43% of total share capital and 1.76% of voting capital) to immediate relatives as a gift on 11 September 2025. The transfer was an off-market inter-se transaction within the promoter family and falls under Regulation 10(1)(a)(i) of the Takeover Regulations. After the transfer, Shakuntla Modi's individual holding in the company stands at zero. The total equity share capital (55,30,259 shares) and total voting capital remain unchanged, as the shares merely moved within the promoter group.
No material impact on stock price or company fundamentals — this is an internal family reshuffle of promoter holdings via gift, so the aggregate promoter group stake is unchanged and no new shares entered or left the promoter circle.