Founder Gifts 0.5% Symphony Equity Worth ₹20 Cr to Employees' Families

Mr. Achal Anil Bakeri, Founder Promoter, Chairman, and Managing Director of Symphony Limited, is gifting approximately 3,43,000 equity shares, representing 0.5% of the company's equity share capital, valued at around ₹20 crores. This initiative, spread over four years, is a personal expression of gratitude towards the 'Next of Kin' of employees, ex-employees, housekeeping staff, and the family office. The shares are transferred as a gift without any monetary consideration. Symphony Limited has obtained necessary regulatory approvals, including from SEBI, for this unique gesture. Katalyst Advisors acted as the advisor for this transaction. The company will make appropriate disclosures to stock exchanges, including the list of beneficiaries, prior to share transfers.