Intimation of issuance of Letter of Entitlement 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
PRADPME · price
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Pradeep Metals Ltd has informed the stock exchange about the issuance of a Letter of Entitlement for the transfer of 100 equity shares in physical form. The shares (distinctive nos. 05877501–05877600) are being transferred from Mrunalini R Parikh to Santosh Dubey. This transfer is being carried out as per the SEBI circulars dated July 2, 2025 and November 6, 2018, which govern such physical share transfers after the completion of a lock-in period. The transferred shares will remain under a 6-month lock-in period from the date of transfer, meaning the transferee cannot sell them during this period.
This is a routine, small-scale share transfer between two individual shareholders and is unlikely to have any meaningful impact on the stock price or existing shareholders. The 6-month lock-in on the 100 shares is a standard regulatory requirement and not a corporate action by the company.