JTL Industries promoter group stake increases via share transmission

JTL Industries Limited announced that Vijay Singla, part of the promoter group, acquired 8,793,428 equity shares, representing 2.24% of the company's paid-up share capital. This acquisition, on December 1, 2025, was through a transmission from his late father, Mithan Lal Singla, who was a nominee.

The transaction falls under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation exempts acquisitions made via transmission, succession, or inheritance from the requirement of an open offer. As such, no disclosure of a proposed acquisition was required under Regulation 10(5).

Despite this acquisition, the consolidated total shareholding of the promoter and promoter group in JTL Industries Limited remains unchanged.