IZMO Ltd: Share transfer delayed due to DP rejection

IZMO Ltd has reported a delay in the inter-se transfer of 14,96,257 equity shares (9.9% stake) among promoter group members. The transfer, intended as a gift from Mrs. Shashi Soni and Mrs. Kiran Soni to Tej Soni, 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. The company states the delay is procedural and is working to submit required documents. They may consider an alternative DP if the current one continues to hinder the transfer.