StockWatch
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Iron & Steel Products
Shareholding25 Sept 2026, 12:00 pm

Inducto Steel: Promoter Acquires 3.82% Shares by Gift, Inadvertent Disclosure Delay

AI Summary

Inducto Steel Limited has disclosed an inter-se transfer of 1,53,375 equity shares, representing 3.82% of the paid-up capital, from promoter Lalitadevi Shantisarup Reniwal to promoter Rajeev Shantisarup Reniwal. The acquisition, which occurred on August 18th and 20th, 2026, was by way of gift and exempt from open offer requirements under SEBI (SAST) Regulations, 2011. The company acknowledges an inadvertent delay in submitting the prior intimation required under Regulation 10(5) of the SEBI (SAST) Regulations, 2011, and is now submitting the disclosure along with post-acquisition disclosures.

Key Highlights

  • Promoter Rajeev Reniwal acquired 3.82% stake in Inducto Steel via gift.
  • Acquisition was an inter-se transfer among promoters.
  • Transaction exempt from open offer under SEBI (SAST) Regulations.
  • Company admits inadvertent delay in prior disclosure submission.
  • Post-acquisition disclosures are being submitted.