Shareholding27 Aug 2026, 05:50 pm
Ruchira Papers Promoter Gifts 9 Lakh Shares to HUFs
AI Summary
Shashi Garg, a promoter of Ruchira Papers Ltd, has transferred 9,00,000 equity shares, representing 3.01% of the total share capital, through an off-market gift to three HUF accounts: Deepan Garg (HUF), Atul Garg (HUF), and Lucky Garg (HUF). These HUFs belong to the promoter group, and the transferor's sons are the beneficiaries. The transaction occurred on August 21, 2026. Following the gift, Shashi Garg's direct shareholding reduced to 6.42% (19,14,977 shares), while the aggregate promoter/promoter group shareholding remains unchanged. As each donee HUF's holding is below 5%, no separate disclosure is required from them.
Key Highlights
- Promoter Shashi Garg gifted 9 lakh shares (3.01%) via off-market transfer.
- Shares transferred to HUFs of his sons, remaining within the promoter group.
- Shashi Garg's direct holding reduced to 6.42% post-transfer.
- Aggregate promoter group shareholding remains unchanged.
- Transaction falls under SEBI SAST Regulations 2011 disclosure.
Price Impact
More from RUCHIRA