Naina Devi Jhunjhunwala Acquires Promoter Stake in K M Sugar Mills

K M Sugar Mills Limited has reported a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, concerning Naina Devi Jhunjhunwala. The acquisition involves the transmission of 81,45,900 equity shares, representing 8.85% of the total paid-up capital, from Lakshmi Kant Dwarkadas HUF to Mrs. Naina Devi Jhunjhunwala. Both the transferor and transferee are classified as promoters. This transaction is made in reliance upon the exemption provided under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating it does not trigger an open offer requirement.