Intimation of Issuance of Letter of Confirmation for transfer of Equity Shares in Physical Mode as per SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025
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Pradeep Metals Ltd has informed the stock exchange that its Registrar and Transfer Agent, MUFG Intime India Private Limited, has issued a Letter of Confirmation for the physical transfer of 2,30,000 equity shares (distinctive numbers 9150001 to 9380000). The shares have been transferred from Om Global Singapore Pte Ltd. to Asia Pacific Investment Holdings Limited. The transfer was carried out in line with SEBI's circular on physical share transfers dated July 2, 2025. The acquired shares carry a mandatory lock-in period of 6 months from the date of transfer, which restricts the buyer from selling them during this window.
This is a routine regulatory disclosure rather than an open market transaction. The 6-month lock-in means the new holder cannot sell these shares for half a year, which could mildly reduce near-term supply of freely tradable shares. Retail investors should note this is a block transfer between two entities and does not directly impact the company's operations or financials.