Neerja Jhunjhnuwala has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Neerja Jhunjhnuwala will acquire a total of 39,92,500 shares (11.32% of share capital) of S Chand and Company through a gift transfer from two other promoter group members, Dinesh Kumar Jhunjhnuwala (34,60,000 shares, 9.81%) and Gaurav Kumar Jhunjhnuwala (5,32,500 shares, 1.51%). The proposed acquisition date is 29th September 2025, and the price is NIL since it is a gift. After the transfer, Neerja's individual holding will jump from 11.37% to 22.70%, while Dinesh Kumar and Gaurav Kumar's holdings will drop to 1.09% and 0.17% respectively. The total combined promoter group holding remains unchanged at 23.96%. The 60-day volume weighted average market price of the shares stands at Rs. 209.61.
This is a reshuffling of shares within the promoter family with no change in total promoter ownership, so there is no immediate impact on overall promoter control. However, Neerja Jhunjhnuwala becomes the single largest individual shareholder with a 22.70% stake, which may influence future decision-making within the promoter group. Since no open offer is triggered and no cash changes hands, retail shareholders are not directly affected.