JTL Industries promoter to increase stake via gift from relative

Pranav Singla, an acquirer within JTL Industries Limited's promoter group, has intimated a proposed acquisition of 8,793,428 equity shares. This acquisition, scheduled for December 10, 2025, or later, represents 2.24% of the company's share capital. The shares will be transferred from Vijay Singla, identified as the transferor and Pranav Singla's immediate relative, via gift without any consideration through an off-market transaction.

This inter-se transfer is exempt under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Despite the transfer, the aggregate shareholding of the promoters and promoter group will remain unchanged at 49.26% both before and after the transaction, ensuring no change in overall control.

The acquisition will increase Pranav Singla's individual holding from 1.37% (5,388,068 shares) to 3.61% (14,181,496 shares), as detailed in the disclosure made to BSE Limited and the National Stock Exchange of India Ltd.