Landsmill Green promoter gifts 5 crore shares
Landsmill Green Limited promoter Lakhmendra Khurana gifted 5,00,00,000 equity shares, representing 3.54% of the total share capital, to relatives via an inter-se transfer on June 19, 2026. This reduced his holding from 10.33% to 6.79%. The disclosure was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Landsmill Green Limited disclosed that Promoter Lakhmendra Khurana gifted 5,00,00,000 equity shares on June 19, 2026, reducing his stake in the company. The transaction, executed as an inter-se transfer by way of gift amongst relatives, represents 3.54% of the company's total share capital. Following the disposal, Khurana’s holding stands at 9,57,91,451 equity shares, or 6.79% of the total paid-up capital.
The disclosure was submitted to the exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the transaction, Khurana held 14,57,91,451 shares, accounting for 10.33% of the company. The total equity share capital of the company remains Rs. 1,41,06,95,055, comprising 1,41,06,95,055 equity shares of Rs. 1 each.
Details of Shareholding Change
The table below outlines the specifics of the transaction and the resulting shareholding position:
| Parameter | Details |
|---|---|
| Name | Lakhmendra Khurana |
| Category | Promoter |
| Pre-transaction Holding | 14,57,91,451 shares (10.33%) |
| Shares Disposed | 5,00,00,000 (3.54%) |
| Transaction Type | Inter-se transfer (Gift) |
| Post-transaction Holding | 9,57,91,451 shares (6.79%) |
| Date of Transaction | June 19, 2026 |
| Mode of Transfer | Inter-se transfer amongst relative |
The filing confirmed that the disposal was made to relatives, including Mrs. Ranjana Khurana, Mr. Arpit Khurana, and Ms. Isha Khurana, who are identified as Persons Acting in Concert (PAC). The disclosure was signed by Ankit Mehra, Managing Director of Landsmill Green Limited, on June 22, 2026.
Historical Stock Returns for Landsmill Green
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.57% | -1.14% | -7.45% | -39.16% | +8.75% | +262.50% |
Will the recipients of the gifted shares seek board representation or influence strategic decisions?
Does this reduction in promoter stake indicate a potential exit strategy or a shift in family succession planning?
How will the market interpret this redistribution of shares among Persons Acting in Concert?
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