RADHIKAJWE · price
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Awaiting price reaction for this filing.
Radhika Jeweltech has informed the exchanges about the transmission of shares held by the late Hansaben M. Zinzuwadia, a promoter group member, to her five legal heirs. A total of 23,80,000 shares have been transmitted to each of the five heirs (Darshit, Mohil, Jenil, Divyesh, and Trushil Zinzuwadia), all of whom are already directors or relatives within the promoter group. As a result, Hansaben is automatically excluded from the promoter group list, while Divyesh and Trushil Zinzuwadia are now classified as promoter group persons. The overall promoter group shareholding remains unchanged since the shares are merely reallocated within the family.
This is a procedural, family-level reshuffle of promoter group shareholding with no change in total promoter stake, so it is unlikely to have any meaningful impact on the stock price. Existing shareholders should note that control of the company remains firmly within the Zinzuwadia family.