Jyothy Labs: Promoter group to transfer shares via gift
Jyothy Labs [BSE: JYOTHYLAB] disclosed an inter-se transfer of 823,896 equity shares, equivalent to 0.22% of the company's share capital, within its Promoter Group. The transaction involves Mr. M. P. Ramachandran transferring the shares to Ms. M R Jyothy as a gift, effective on or after March 29, 2025. The company stated that the transfer falls under the exemption clauses of Regulations 10(1)(a)(i) and 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the transaction will not involve any monetary consideration, and the overall promoter group holding will remain unchanged following the transfer. The company has submitted the required disclosures under Regulation 10(5) to both the BSE and NSE.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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