StockWatch
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Iron & Steel Products
Shareholding5 Oct 2026, 10:27 am

Goodluck India: Promoter Group Inter-se Share Transfer of 2.26%

AI Summary

Goodluck India Limited has disclosed an inter-se transfer of 22,56,774 equity shares, representing 2.26% of the voting rights, among members of its Promoter Group. This transaction, executed via gift, is in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, specifically Regulation 10(1)(a). The transfer is intended for internal family reorganization, succession planning, and welfare. Mahesh Chandra Garg, part of the Promoter Group, filed the disclosure under Regulation 10(6). The acquisition was completed on September 25, 2026, and September 28, 2026, with no monetary consideration involved as it was a gift.

Key Highlights

  • Promoter group transferred 2.26% stake via gift.
  • Transaction is an off-market inter-se transfer.
  • Complies with SEBI SAST Regulations 10(1)(a) and 10(6).
  • Aimed at internal family reorganization and succession.
  • No monetary consideration involved in the share transfer.