This is to inform you that 1676476 Equity shares of the Company held by Late. Mr. Satish Kumar Gupta have been transmitted to his legal heir Mr. Servesh Gupta (son of late. Mr. Satish Kumar ....
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USG Tech Solutions has informed the stock exchanges that 16,76,476 equity shares (4.25% of the company) held by the late Mr. Satish Kumar Gupta have been transmitted to his son and legal heir, Mr. Servesh Gupta, effective May 11, 2025. Following this, Mr. Servesh Gupta's individual holding in the company has risen from 8,97,365 shares (2.28%) to 25,73,841 shares (6.53%). Importantly, the total promoter and promoter group shareholding remains unchanged at 18.29%, as this is simply an internal family transfer of shares within the promoter group. A disclosure under Regulation 29(1) of SEBI Takeover Regulations has been filed accordingly.
This is a procedural transmission of shares within the promoter family due to the death of a shareholder — there is no change in the total promoter stake or in the control of the company. Shareholders should see no impact on the stock price or ownership structure, as it is purely a legal heir inheriting shares.