The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manjuladevi 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. Manjuladevi Sanghai, a promoter of Polo Queen Industrial and Fintech Ltd, received 2,09,51,250 equity shares (6.24% of the share capital) as a gift from fellow promoter Mr. Udit Sanghai on June 19, 2025. Her individual holding in the company rose from 12.46% to 18.70%. The transaction was carried out off-market as an inter-se transfer among promoters and is exempt under Regulation 10(1)(a)(i) of the Takeover Regulations. There is no change in the aggregate shareholding of the promoter group, and the company's paid-up share capital remains unchanged at ₹67,15,00,000 (33,57,50,000 equity shares of ₹2 face value each).
This is simply a reshuffling of shares within the promoter family and does not alter total promoter control, dilute any shareholder, or change the company's fundamentals. Investors should view this as neutral for the stock with no impact on promoter influence or corporate decision-making.