Suyog Gurbaxani: Share Transmission from Deceased Promoter
Suyog Gurbaxani Funicular Ropeways Ltd. announced the transmission of shares from the deceased member of the Promoter Group, Late Mr. Vivek Gurushantappa Lature, to his Legal Heir, Mrs. Sampada Vivek Lature. One fully paid-up share was transmitted. Consequently, Late Mr. Vivek Gurushantappa Lature will cease to be part of the Promoter Group. The company stated that this transmission does not trigger any specific disclosure requirement under Regulation 29 of SEBI (SAST) Regulations, 2011 and does not materially impact the shareholding or control of the Company under Regulation 30 of SEBI LODR Regulations.
Key Highlights
- Shares of Suyog Gurbaxani transmitted from deceased promoter to legal heir.
- Late Mr. Vivek Gurushantappa Lature ceases to be part of the Promoter Group.
- Transmission involves one fully paid-up share.
- Disclosure is voluntary, not triggered by SEBI regulations.
- Updated shareholding pattern will reflect the change.
Price Impact
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