Sharda Motor Industries Limited has informed the Exchange regarding 'Disclosure under Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition and Takeover Code) 2011'.
SHARDAMOTR · price
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Sharda Motor Industries informed exchanges about an inter-se transfer of 1,32,03,773 equity shares (46.00% of total share capital) between promoter-group entities, done under a SEBI exemption. Promoter Ajay Relan transferred his entire bulk holding to SMIL Trust (also a promoter-group entity), pursuant to SEBI exemption letter No. WTM/AB/CFD/04/2025-26. After the transfer, Ajay Relan's stake fell from 58.25% to 12.25%, while SMIL Trust's holding rose from nil to 46.00%. The total promoter-group holding remains unchanged at 58.25%, as this is purely an internal reshuffle. The company has 2,87,03,853 equity shares of Rs. 2 each as total share capital.
No change in total promoter ownership or company fundamentals, so minority shareholders and the stock price are largely unaffected. This is a routine promoter-group reorganization of holdings.