Tinna Rubber and Infrastructure Limited has informed the Exchange regarding 'The company has received disclosures u/r 29(1) and 29(2) of SAST Regulations, 2011, as amended, in respect of promoter/promoter group inter-se transfer pursuant to regulatory authority order'.
TINNARUBR · price
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Tinna Rubber and Infrastructure Limited has disclosed an off-market inter-se transfer of 54,04,730 equity shares (30% of paid-up capital) from individual promoter Mr. Bhupinder Kumar Sekhri to Sekhri Family Annuity Trust (a promoter group entity), executed on March 26, 2026 without any consideration. The transfer was carried out under a SEBI exemption order dated March 24, 2026 (Order # WTM/KCV/CFD/27/2025-26), which exempted the trust from triggering an open offer under SEBI Takeover Regulations. After the transfer, Mr. Bhupinder Kumar Sekhri's individual stake fell from 50.07% to 20.07%, while the Sekhri Family Annuity Trust's stake rose from 0.06% to 30.06%. The aggregate promoter and promoter group shareholding remains unchanged at 67.59%, with public shareholding also unchanged at 32.41%. The transaction is part of an internal estate and succession planning exercise within the Sekhri family, with trustees and beneficiaries being immediate family members and lineal descendants.
No change in overall promoter group control or public shareholding, so the stock's ownership structure remains intact. However, Mr. Bhupinder Kumar Sekhri, who previously held majority control individually (above 50%), has now dropped to 20.07%, with voting and ownership effectively consolidated in the family trust. This is a non-commercial internal family restructuring with no open offer obligation and unlikely to materially affect the share price, though it represents a significant shift in how control is held within the promoter family.