StockWatch
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Iron & Steel Products
Shareholding9 Oct 2026, 05:25 pm

Inducto Steel: Promoter family gift of 3.82% shares

AI Summary

Inducto Steel Limited has received a disclosure regarding the inter-se transfer of 1,53,375 equity shares, representing 3.82% of the total share capital, from promoter Mr. Rajeev Shantisarup Reniwal to Mrs. Lalitadevi Shantisarup Reniwal, his mother and also a promoter. The transfer is by way of gift, with no consideration involved. This transaction is being undertaken under the exemption provided by Regulation 10(1)(a)(i) and/or 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The proposed date of transfer is October 16, 2026.

Key Highlights

  • Promoter family gift of 1,53,375 shares (3.82% stake).
  • Transfer is between immediate relatives within the promoter group.
  • Transaction is by way of gift, with no monetary consideration.
  • Exemption under SEBI SAST Regulations 10(1)(a) is being utilized.
  • Proposed transfer date is October 16, 2026.