Shareholding9 Jun 2026, 10:44 am
K M Sugar Mills: Promoter Group Shareholding Transmission
AI Summary
K M Sugar Mills Limited announced a transmission of 14,302,600 equity shares (15.55% stake) from the deceased promoter, L.K. Jhunjhunwala, to his legal heir and nominee, Smt. Naina Devi Jhunjhunwala. This transmission, occurring off-market, does not alter the aggregate shareholding of the promoter group. The company has filed the necessary disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no change in the promoter group's total stake.
Key Highlights
- 15.55% stake transmitted from deceased promoter to legal heir.
- Transmission occurred off-market; no change in promoter group's total holding.
- Disclosure filed under SEBI Takeover Regulations.
- Total promoter group holding remains at 56.51%.
Price Impact
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