Landsmill Green promoter gifts 5 crore shares, reducing stake to 6.79%
Landsmill Green Limited promoter Lakhmendra Khurana gifted 5,00,00,000 equity shares on June 19, 2026, reducing his stake to 6.79%. The transaction was an inter-se transfer by way of gift to relatives.
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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 |
|---|---|---|---|---|---|
| -3.85% | -8.54% | -14.77% | -40.48% | -19.35% | +167.86% |
Will the transfer of shares to Persons Acting in Concert trigger any changes in the company's governance or board composition?
Does this reduction in the promoter's direct stake indicate a potential shift in the company's long-term strategic direction?
Could this realignment of shareholding among family members be a precursor to a broader succession plan?
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