Indong Tea Company Limited has filed a revised disclosure with the Bombay Stock Exchange regarding a significant increase in the promoter’s shareholding through an off-market transfer. The filing corrects an earlier report that misidentified the direction and parties involved in the transaction.

Promoter Hariram Garg received 4,18,488 equity shares from immediate relatives within the promoter group by way of gift. The transaction took place on July 13, 2026, and was classified as an inter-se transfer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The revised filing, submitted on August 12, 2026, corrects an earlier disclosure made on July 16, 2026. The transfer significantly increased Garg’s direct voting power in the company.

Garg’s holding rose from 20,52,173 shares, representing 10.566% of the total voting capital, to 24,70,661 shares, or 12.72%. The company’s total equity share capital remains unchanged at ₹19,42,10,480, divided into 1,94,21,048 equity shares of ₹10 each.

What the Numbers Show

The acquisition of nearly 4.2 lakh shares by Hariram Garg indicates a consolidation of ownership within the promoter group rather than a dilution of control. Since the transfer was an inter-se gift from immediate relatives, the effective promoter group holding remains stable, though the direct attribution shifts to Garg.

The company stated that no encumbrances, warrants, or convertible securities were involved in the transaction. The revised disclosure was issued in response to a query from the exchange received on August 12, 2026.

Indong Tea Company Limited disclosed that Sangita Madhogaria, a member of its Promoter Group, acquired 8,000 equity shares through on-market transactions. The purchase, valued at ₹72,122, took place between July 21 and July 22, 2026. This acquisition marks Madhogaria’s initial entry into the company’s shareholding structure, as she held no prior equity stakes in the entity before this transaction. The move increases her total holding to 8,000 shares, representing 0.04% of the company’s paid-up equity share capital.

The disclosure was made pursuant to Regulation 29(2) and Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Indong Tea Company Limited submitted the requisite disclosure to the Bombay Stock Exchange (BSE) on August 11, 2026. Chandan Gupta, the Company Secretary and Compliance Officer, signed off on the submission, confirming the details of the share acquisition for regulatory record-keeping.

Transaction Details

The following table outlines the specifics of the share acquisition by the Promoter Group member:

Prior to this acquisition, Madhogaria did not hold any equity shares in Indong Tea Company Limited. The entire stake of 8,000 shares was accumulated within a two-day window on the open market. The disclosure confirms that no derivatives trading occurred alongside this equity purchase.

Regulatory Compliance

Indong Tea Company Limited is listed on the BSE under Scrip Code 543769 and carries ISIN INE0KN201016. The company’s registered office is located at Sikkim Commerce House, 4/1 Middleton Street, Kolkata. As per SEBI regulations, insiders such as promoters, key managerial personnel, and directors must disclose any change in their shareholding within specified timelines. This filing ensures transparency regarding the insider’s increased exposure to the company’s equity.