Mangalam Cement sees promoter share transfer as part of internal restructuring

Mangalam Cement Ltd. has announced an inter-se transfer of 11,017 equity shares among its promoter group, effective on or after December 11, 2025. The transfer involves Anshuman Vikram Jalan gifting 5,508 shares to Vaishnavi Jalan and 5,509 shares to Avayaan Vikram Jalan. These shares, representing 0.02% of the company's total capital, are being transferred as a gift without monetary consideration.

The transaction falls under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts it from requiring an open offer. The volume-weighted average market price for the shares over the preceding 60 trading days was recorded at INR 750.81 per share.

Following the transfer, Vaishnavi Jalan's shareholding will increase from 38.93% (1,07,03,367 shares) to 38.95% (1,07,08,875 shares) as an acquirer, while Anshuman Vikram Jalan's seller stake will decrease from 1.08% (2,96,253 shares) to 1.06% (2,90,745 shares). Similarly, Avayaan Vikram Jalan's shareholding will increase from 38.95% (1,07,08,875 shares) to 38.97% (1,07,14,384 shares) as an acquirer, with Anshuman Vikram Jalan's seller stake decreasing from 1.06% (2,90,745 shares) to 1.04% (2,85,236 shares) after the acquisition.