StockWatch
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Road Transport
Shareholding24 Sept 2026, 10:16 pm

Shanti Lal Jain Gifts 1.09% Stake in Inter State Oil Carrier

AI Summary

Shanti Lal Jain has transferred 54,409 equity shares, representing 1.0899% of the total paid-up share capital, of Inter State Oil Carrier Limited to his son, Mr. Sanjay Jain, through a gift without consideration. This transaction, classified as an off-market inter-se transfer within the Promoter/Promoter Group, occurred on September 23, 2026. Following this transfer, Shanti Lal Jain's shareholding in the company has become Nil. The total equity share capital of the company remains unchanged at 4,99,23,000 equity shares of ₹10/- each.

Key Highlights

  • Shanti Lal Jain gifted 54,409 shares (1.0899%) to his son.
  • The transfer was an off-market gift, without consideration.
  • Shanti Lal Jain's shareholding in the company is now Nil.
  • The transaction falls under SEBI (SAST) Regulations, 2011.