The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sharad Jaiprakash Taparia & Others
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Permanent Magnets Limited's promoter group has disclosed an inter-se transfer of 73,153 equity shares (0.85% of total shareholding) carried out as an off-market gift transaction between promoter and promoter group members on June 20, 2025. The shares were received by four acquirers: Mr. Sharad Taparia (30,000 shares), Mr. Mukul Taparia (22,000 shares), Mr. Jaiprakash Taparia (13,153 shares), and Mrs. Yamini Taparia (8,000 shares). After the transaction, the promoter group's total holding stands at 40.25% (34,61,168 shares), up marginally from 39.40% earlier, suggesting the gift came from another promoter group member not named in this disclosure. The total equity capital of the company remains unchanged at Rs. 8.59 crore (85,98,453 shares of Rs. 10 each). No encumbrance, pledge, or open-market activity is involved in this filing.
This is a routine internal family-level reshuffling of shares among the Taparia promoter group and should not materially affect the stock price or overall promoter control of the company. Shareholders can treat this as a neutral disclosure with no change in the underlying promoter ownership structure.