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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Akshay Poddar, a member of the promoter group of Zuari Industries Ltd, has transferred 3,00,000 equity shares (1.01% of paid-up capital) to his immediate relative Jyotsna Poddar on 19th December 2025 as a gift, through an off-market inter-se transfer. Following this transfer, Akshay Poddar's individual holding in the company has come down from 3,20,384 shares (1.08%) to just 20,384 shares (0.07%). The disclosure is filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Since the transferee Jyotsna Poddar is part of the promoter group and listed as a Person Acting in Concert (PAC), the shares effectively remain within the promoter family.
This is an internal reshuffling within the promoter family (a gift to an immediate relative who is also in the promoter group), so there is no real change in overall promoter ownership of the company. Retail investors are unlikely to see any impact on stock price or shareholding structure at the company level, as the shares have simply moved from one promoter family member to another.