Inducto Steel: Promoter Rajeev Renuwal Acquires 3.82% Stake via Gift

Inducto Steel Limited has disclosed that Rajeev Shantsarup Renuwal, a promoter, acquired 153,375 equity shares (3.82% stake) through a gift from his mother, Lalitadevi Shantsarup Renuwal, who is also an immediate relative and promoter. This inter-se transfer of shares among promoters and immediate relatives is exempt from open offer requirements under SEBI (SAST) Regulations, 2011. Following this acquisition, Rajeev Renuwal's shareholding in the company increased from 8.4% to 12.22%. The disclosure was made on September 24, 2026, pertaining to the acquisition date of August 18, 2026.