AGIL: Promoter's relative gifts shares, another sells 10L shares

Mukeshbhai J. Patel, Managing Director and Promoter of Asian Granito India Ltd (AGIL), has received 25,54,666 equity shares via gift from his brother, Sureshbhai J. Patel. Concurrently, Hiren Sureshkumar Patel, his brother's son, sold 10,00,000 equity shares in the open market. These transactions are disclosed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The net effect on Mukeshbhai J. Patel's direct holding is an increase of 25,54,666 shares, while Hiren Sureshkumar Patel's holding decreased by 10,00,000 shares. The disclosure indicates that the overall shareholding of the Promoter & Promoter Group remains unchanged despite these inter-se transfers and sales.