Other Textile Products
Insider Trading10 April 2026 at 10:50 am

Maris Spinners Promoter Transfers 2.49 Lakh Shares (3.15%) from HUF to Self

AI Summary

Maris Spinners Ltd received a disclosure from Mr. Ravindran, a promoter, regarding the transfer of 249,600 equity shares, representing 3.15% of the company's total equity. The transfer was an offline transaction from his Hindu Undivided Family (HUF) category to his individual capacity. This change in holding occurred on March 20, 2026, and was intimated to the company on April 10, 2026. Mr. Ravindran continues to be classified under the promoter category following this internal reclassification of shares. The disclosure was made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Key Highlights

  • Promoter Mr. Ravindran transferred 249,600 equity shares.
  • The shares represent 3.15% of Maris Spinners' total equity.
  • Transfer was from his HUF holding to his individual capacity.
  • Mr. Ravindran retains his promoter status post-transfer.
  • Disclosure made under SEBI Insider Trading Regulations.