The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for M R Ruia Family Trust
SHEKHAWATI · price
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M.R. Ruia Family Trust, part of the promoter group of Shekhawati Industries Ltd, received 6,50,000 equity shares (1.88% of total share capital) by way of Gift from Mukesh Ramniranjan Ruia on 17th March 2026. This is an inter-se transfer within the promoter family, where Mr. Mukesh Ruia's individual holding reduced from 24.80% (85,50,000 shares) to 22.92% (79,00,000 shares). The total promoter group holding remains unchanged at 64.12% (2,21,03,425 shares), confirming this is purely an internal restructuring of promoter holdings and not a change in overall promoter ownership.
No impact on total promoter shareholding or control of the company. The total promoter stake stays at 64.12%, so shareholders need not worry about any change in management control. This is a routine intra-family wealth transfer/gift arrangement and is generally viewed as neutral for the stock price.