Demise of Mr. Manik Chand Pugalia, promoter of the Company
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Shree Securities Ltd informed the stock exchanges about the passing away of Mr. Manik Chand Pugalia, a member of the promoter and promoter group, on 9th April 2025. He held 3,525,000 shares in the company, representing 0.44% of the total shareholding. As per SEBI LODR Regulation 31A(6)(c), he will cease to be part of the promoter group, and his shareholding will be transmitted to his nominees. Until the transmission process is completed, the shares will continue to be shown in his name. The company has signed the intimation through its Whole Time Director cum CFO, Mr. Shubham Gupta.
The impact on the stock is minimal since the deceased promoter held only 0.44% of the company. The shares will be passed on to nominees through transmission, meaning there is no change in actual ownership control or dilution for existing shareholders.