The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jugalkishor Harikrishnadas Shah & PACs
ZODIAC · price
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Promoter Jugalkishor Harikrishnadas Shah has transferred 6,50,000 equity shares of Zodiac Energy Ltd (face value Rs. 10) to his son and three daughters by way of gift on September 12, 2025, via off-market inter-se transfer. His son Kunjbihari Jugalkishor Shah received the bulk of 6,27,500 shares, while daughters Rinki Kuntal Shah, Apeksha Patwa, and Nehaben Tirupbhai Patwa each received 7,500 shares. After the transfer, the father's holding fell from 8.53% (12,90,223 shares) to 4.23% (6,40,223 shares), and his son's holding rose from 58.42% to 62.57%. The total promoter group holding remains unchanged at 69.89% (1,05,70,521 shares), as the shares stayed within the family.
This is a family estate restructuring with no impact on total promoter shareholding or control of the company. Since the shares moved within the promoter group via gift (an exempt inter-se transfer), there is no open offer trigger and no real change in the company's ownership structure for outside shareholders.