The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust
SOLARINDS · price
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Smt. Indira Kailashchandra Nuwal, a promoter of Solar Industries India Ltd, has transferred her entire holding of 55,68,230 equity shares (6.15% of paid-up capital) to the Sohan Devi Nand Lal Nuwal Family Trust by way of gift. After this transfer, she holds Nil shares in the company, while the Family Trust will hold 6.15%. The purpose stated is streamlined succession and welfare of the family. The transfer was carried out under an SEBI exemption order dated 21 March 2025 and is an inter-se transfer between a promoter and a trust she controls. The total promoter group holding in the company remains unchanged at 73.15% before and after the transfer.
This is a non-market, internal family restructuring and not a change in the promoter group's effective ownership. Shareholders should see no change in control or promoter group stake, so the stock price is unlikely to be materially affected by this disclosure.