IZMO Ltd: Share transfer delayed due to DP rejection

IZMO Ltd has reported a delay in the inter-se transfer of 7,48,128 equity shares (4.99% stake) from Mrs. Shashi Soni to Dinanath Soni, both part of the promoter group. The transfer, intended as a gift and exempt under SEBI SAST Regulations, was scheduled for completion by September 23, 2026. However, the Depository Participant (DP), Anand Rathi Share and Stock Brokers Limited, rejected the transfer instruction citing insufficient documentary proof of relationship, despite the submission of a Gift Deed and other supporting documents. The company states the delay is procedural and is working to submit the required information to the DP. They may consider an alternative DP if the issue persists.