The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akshay Poddar
ZUARIIND · price
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Awaiting price reaction for this filing.
Akshay Poddar, part of the promoter group of Zuari Industries Ltd, transferred 3,00,000 equity shares (about 1.01% of paid-up capital) to his immediate relative Jyotsna Poddar as a gift on 19th December 2025. The transfer was an off-market inter-se transaction. Post-transfer, his individual holding in the company dropped from 3,20,384 shares (1.08%) to just 20,384 shares (0.07%). Since the recipient Jyotsna Poddar is a listed Person Acting in Concert (PAC) and an immediate family member, the overall promoter group shareholding in Zuari Industries remains unchanged. The disclosure was filed under SEBI's Takeover Regulations to keep the exchanges informed of the change.
No material impact on total promoter group holding or share price expected, as the shares have simply moved from one promoter family member to another. For the market, this is a routine inter-se family transfer and does not signal any change in promoter control or intent.