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

Inducto Steel Promoter Acquires Shares by Gift

AI Summary

Inducto Steel Ltd has filed an intimation regarding the acquisition of 1,53,375 equity shares by promoter Mr. Rajeev Reniwal from promoter Mrs. Lalitadevi Reniwal via gift. The acquisition was an inter-se transfer among promoters. The prior intimation under SEBI (SAST) Regulations, 2011, was inadvertently not submitted before the transaction. The company is submitting the post-acquisition disclosure for regulatory compliance.

Key Highlights

  • Promoter Rajeev Reniwal acquired 1,53,375 shares by gift.
  • Transfer was from promoter Mrs. Lalitadevi Reniwal.
  • Prior SEBI (SAST) intimation was inadvertently missed.
  • Transaction is an inter-se transfer among promoters.