The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nikhil Pawankumar Sanghai
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Nikhil Pawankumar Sanghai, a promoter of Polo Queen Industrial and Fintech Ltd, transferred 1,25,04,000 equity shares (3.72% of paid-up capital) to Ms. Prabhadevi Sanghai, also a promoter, via an off-market gift transaction on June 19, 2025. The transaction is an inter-se transfer within the promoter group and is exempt under Regulation 10(1)(a)(i) of the Takeover Regulations. After the transfer, Nikhil Sanghai's holding is reduced to 0 shares, but the total shareholding of the promoter and promoter group remains unchanged. The company's paid-up capital stays at ₹67.15 crore (33,57,50,000 equity shares of ₹2 each).
This is essentially a reshuffling of shares within the promoter family with no impact on the total promoter stake or the company's capital structure. Shareholders should see no change in promoter group control or voting power; the share price is unlikely to be materially affected as no market sale occurred.