The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madanlal Jain
NILKAMAL · price
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Madanlal Jain, who is not part of the promoter or promoter group, has transferred his entire holding of 8,14,041 equity shares (5.46% of Nilkamal's total share capital) through an off-market inter se transfer by way of gift to Krithika Jain, identified as a Person Acting in Concert (PAC). After this disposal, Madanlal Jain's holding in Nilkamal drops to zero. The total share capital of the company remains unchanged at 1,49,22,525 equity shares of Rs. 10 face value. The transaction is dated 18 December 2024 and filed under SEBI Regulation 29(2) of the Takeover Regulations. No promoter or promoter-group entity is involved, and no encumbrance (pledge/lien) activity is reported.
This is a private wealth transfer (gift) between two non-promoter individuals — no money changed hands and there is no impact on the share price, promoter holding, or overall shareholding structure of Nilkamal. Retail investors need not take any action.