Jinkushal Industries Limited disclosed an off-market inter-se transfer of 1,487,300 equity shares between its promoters by way of gift. The transaction was executed on September 1, 2026, and reported to the exchanges on September 3, 2026.

The share transfer occurred between Sandhya Jain (transferor) and Anubhavi Jain (transferee), both classified as members of the promoter group. The transaction qualifies for exemption under Regulation 10(1)(a)(i) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as it involves an off-market transfer between immediate relatives or permitted persons.

Transaction Details

The company filed Form C disclosures under Regulation 7(2) of the PIT Regulations, 2015. The key details of the holding changes are outlined below:

The stated value of the transaction is ₹16,12,23,320, excluding taxes, brokerage, and other charges. No trading in derivatives related to this transaction was reported.

Regulatory Compliance

Manish Tarachand Pande, Company Secretary and Compliance Officer, confirmed that the disclosure was made within the prescribed timeline. The company noted that no exchange trade was executed as the transfer was off-market.

Jinkushal Industries disclosed an inter-se transfer of 1,487,300 equity shares via gift from promoter Sandhya Jain to her immediate relative, Anubhavi Jain. The off-market transaction is scheduled for execution on or after August 28, 2026.

The transfer involves a block representing 3.87% of the company’s total diluted share capital. As per the filing with stock exchanges, the transaction falls under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts such transfers among promoters and their immediate relatives from open offer obligations.

Transaction Details

Sandhya Jain, currently holding 2,853,472 shares (7.43% stake), will transfer the specified quantity to Anubhavi Jain, who currently holds no shares in the entity. Upon completion, Anubhavi Jain will hold 1,487,300 shares, equating to a 3.87% stake. Sandhya Jain’s holding will reduce to 1,366,172 shares, or 3.56% of the total capital.

The company confirmed that both parties belong to the Promoter Group. The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(5) of the SAST Regulations. No consideration was involved in this gift deed transaction.