KM Sugar Mills disclosed the transmission of 81,45,900 equity shares, representing 8.85% of its total paid-up equity share capital, pursuant to the dissolution of a Hindu Undivided Family (HUF).

The filing, submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the transfer from Lakshmi Kant Dwarkadas HUF (Promoter) to Smt. Naina Devi Jhunjhunwala (Promoter Group). The transaction occurred on September 28, 2026, through an off-market mode.

No Change in Aggregate Promoter Holding

The company confirmed that there has been no change in the aggregate shareholding of the promoters and promoter group pre- and post-transmission. The total holding remains at 51,991,499 shares, constituting 56.51% of the company's voting capital.

The disclosure was made by Aditya Jhunjhunwala on behalf of Persons Acting in Concert (PAC). The regulatory requirement was triggered as the transmission constitutes more than 2% of the paid-up share capital.

Shareholding Pattern Details

The following table illustrates the shift in individual holdings within the promoter group:

Note: "Other Promoter Group Entities" aggregates holdings of Vatsal Jhunjhunwala, Francoise Commerce Private Limited, Jhunjhunwala Securities Private Limited, Vridhi Trust, Shivam S Shorewala, and K M Vyapar Limited.

What the Numbers Show

The data reveals a consolidation of control within the primary family unit rather than a dilution or acquisition by external parties. While the HUF entity exited completely with a zero balance, Smt. Naina Devi Jhunjhunwala’s stake rose significantly from 22.18% to 31.03%. This shift indicates a restructuring of family assets, moving equity from a collective trust structure to an individual holding within the promoter group, while maintaining the overall lock-in strength at 56.51%.

KM Sugar Mills Ltd has closed its trading window for all designated persons starting October 1, 2026. The closure remains in effect until 48 hours after the company declares its financial results for the quarter and half year ended September 30, 2026.

This action is taken in compliance with clause 4 of Schedule B of the Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The restriction prevents designated persons from dealing in the securities of the company during this period to prevent potential misuse of unpublished price-sensitive information.

The company stated that the specific date of the Board meeting for declaring the financial results will be intimated in due course. No further details regarding the timing of the board meeting were provided in the initial notification.

Compliance and regulatory context

The trading window closure is a standard regulatory requirement for listed entities prior to the announcement of financial results. It ensures that insiders do not trade while possessing material non-public information.

Designated persons include directors, key managerial personnel, and other employees who have access to price-sensitive information. The company’s compliance officer, Ritika Tandon, signed off on the intimation to both BSE Limited and National Stock Exchange of India Limited.