The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ushadevi Sanghai
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ms. Ushadevi Sanghai, a promoter of Polo Queen Industrial and Fintech Ltd, received 16,88,000 equity shares (0.50% of paid-up capital) as a gift from fellow promoter Mr. Nandlal Sanghai on June 19, 2025. This inter-se promoter transfer raised her individual stake from 4.88% to 5.38%, crossing the 5% substantial acquisition threshold and prompting this disclosure. The transfer was carried out off-market and is exempt under Regulation 10(1)(a)(i) of the Takeover Regulations. The aggregate shareholding of the promoter and promoter group remains unchanged, and the company's paid-up capital stays at ₹67,15,00,000 (33,57,50,000 equity shares of ₹2 face value each).
This is an internal reshuffle within the promoter family with no change in total promoter ownership, so it is unlikely to have any meaningful impact on the stock price or minority shareholders.