StockWatch
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Civil Construction
Shareholding18 Sept 2026, 10:48 am

Zodiac Energy Promoter Gifts 6.4 Lakh Shares to Son, Daughter-in-Law

AI Summary

Jugalkishor Harikrishnadas Shah, a promoter of Zodiac Energy Limited, has transferred 6,40,233 equity shares to his son, Kunjbihari Jugalkishor Shah, and daughter-in-law, Parul Kunjbihari Shah, via gift. The shares, each with a face value of ₹10, were transferred on September 15, 2026. Kunjbihari received 6,25,233 shares, while Parul received 15,000 shares. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The transaction involves a promoter group entity gifting shares, impacting their individual shareholding but not the overall promoter group's stake significantly.

Key Highlights

  • Promoter gifted 6.4 lakh shares of Zodiac Energy.
  • Shares transferred to son and daughter-in-law.
  • Transaction is a gift, not a sale.
  • Disclosure made under SEBI Takeover Regulations.
  • Face value of shares is ₹10 each.