Maris Spinners Limited Reports Promoter Shareholding Transfer Under SEBI Regulations
Maris Spinners Limited disclosed that promoter G Ravindran transferred 249,600 equity shares (3.15% stake) worth ₹24,96,000 from his HUF category to individual category on March 20, 2026. The off-market transfer was reported to BSE on April 10, 2026, under SEBI PIT Regulations. Ravindran continues to remain in the promoter category despite the change in holding pattern from HUF to individual capacity.
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Maris Spinners Limited has reported a promoter shareholding transfer in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The company disclosed that G Ravindran, belonging to the promoter group, transferred his entire equity shareholding from HUF category to individual category while maintaining his promoter status.
Transfer Details
The shareholding transfer involved G Ravindran moving his complete holding from G Ravindran HUF to his individual capacity. The transaction was executed as an off-market transfer on March 20, 2026, with the company receiving intimation on April 10, 2026.
| Parameter: | Details |
|---|---|
| Transferor: | G Ravindran (HUF) |
| Transferee: | G Ravindran (Individual) |
| Number of Shares: | 249,600 |
| Percentage Holding: | 3.15% |
| Transaction Date: | March 20, 2026 |
| Transaction Type: | Off-market transfer |
| Share Value: | ₹24,96,000 |
Regulatory Compliance
The disclosure was made pursuant to Regulation 7(2)(a) read with Regulation 6(2) of SEBI PIT Regulations. Maris Spinners filed the mandatory Form C disclosure with BSE Limited on April 10, 2026, signed by Company Secretary N. Sridharan. The transfer represents an internal restructuring within the promoter group, as G Ravindran continues to be classified under the promoter category in his individual capacity.
Promoter Status Continuity
Despite the change in holding pattern from HUF to individual category, G Ravindran maintains his status as a promoter of the company. The transfer does not impact the overall promoter shareholding percentage, as it represents a change in the nature of holding rather than a dilution of promoter stake. The company has confirmed that all regulatory requirements under SEBI PIT Regulations have been fulfilled for this internal transfer.
Company Information
Maris Spinners Limited, incorporated in 1979 with CIN L93090TN1979PLC032618, operates textile manufacturing units in Karnataka and Tamil Nadu. The company is headquartered at Cathedral Road, Chennai, and maintains manufacturing facilities at Kattemalalavadi Village in Mysore District and Manapparai in Trichy District.
Historical Stock Returns for Maris Spinners
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.41% | +9.80% | -3.76% | -25.42% | -15.45% | -10.29% |
What strategic reasons might have prompted G Ravindran to restructure his shareholding from HUF to individual category at this time?
Could this internal transfer signal potential succession planning or estate restructuring within the promoter group?
How might this change in holding structure affect future dividend taxation or capital gains treatment for the promoter?
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