The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nihar Pawankumar Sanghai
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Mr. Nihar Pawankumar Sanghai, a promoter of Polo Queen Industrial and Fintech Ltd, has transferred 1,25,04,000 equity shares (3.72% of the company's paid-up share capital) to Ms. Prabhadevi Sanghai, also a promoter, by way of an off-market gift transaction on June 19, 2025. The transfer is an inter-se transfer within the promoter group and is exempt under Regulation 10(1)(a)(i) of the Takeover Regulations. Post-transfer, Mr. Nihar Pawankumar Sanghai's individual holding in the company stands reduced to 0%, while the aggregate shareholding of the promoter and promoter group remains unchanged. The company's paid-up share capital continues at ₹67,15,00,000 comprising 33,57,50,000 equity shares of face value ₹2 each.
No impact on the company's total promoter shareholding or stock price is expected since this is purely an internal reshuffle within the promoter family with no change in promoter group ownership. The transaction was conducted off-market as a gift and does not involve any cash consideration.