The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rinki Kuntal Shah & PACs
ZODIAC · price
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Mrs. Rinki Kuntal Shah, along with Persons Acting in Concert (PACs), has filed a SEBI Regulation 29(1) disclosure for Zodiac Energy Limited. On September 12, 2025, an off-market inter-se transfer by way of gift took place, involving 1,51,23,690 equity shares of Rs. 10 each, valued at approximately Rs. 15.12 crore. As a result, Rinki Kuntal Shah's individual holding in the company increased from 58.42% (88,35,040 shares) to 69.89% (1,05,70,521 shares) of the total voting capital. Other promoter group members and entities such as Kunjbihari Shah, Jugalkishor Harikrishnadas Shah, HUF, and several family members and related LLPs/companies gave away portions of their holdings.
This is a reshuffling of ownership within the promoter family group, so the total promoter holding in the company remains unchanged. However, Rinki Kuntal Shah has now consolidated a dominant ~70% stake personally, which could affect future decision-making and control within the company. No new shares were issued or bought from the market, so there is no dilution for existing public shareholders.