Uday Jewellery: Promoter Group Gifts 14.87 Lakh Shares (4.37%)

Uday Jewellery Industries Ltd has informed the stock exchange about an inter-se transfer of equity shares by way of gift amongst its Promoter/Promoter Group. Mrs. Sarla Sanghi gifted 14,87,896 equity shares, representing her entire 4.37% shareholding, to Mr. Sanjay Kumar Sanghi, Chairman & Managing Director – Corporate Affairs. The transaction was an off-market transfer without consideration. Post-transfer, Mrs. Sarla Sanghi holds 0.00% and Mr. Sanjay Kumar Sanghi holds 21.01% of the paid-up equity share capital. The company stated that this transfer does not alter control or management and the aggregate promoter group holding remains unchanged.