Pawan Kumar Modi has acquired 9,99,515 equity shares, equivalent to 22.30% of the total share capital of National General Industries Limited , from Mr. Ashok Kumar Modi. The transaction was executed as a gift by way of inter-se transfer among immediate relatives, as specified in Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisitions of Shares and Takeover) Regulations, 2011.

Acquisition Details

The acquisition was completed on June 08, 2026, with no consideration involved as the transfer was a gift. Consequently, the acquisition price per share was Nil. The transfer was reported to BSE Limited and the target company on June 01, 2026, and June 10, 2026, respectively. A report was subsequently submitted to the Securities and Exchange Board of India (SEBI) on June 24, 2026, under Regulation 10(7) of the Takeover Regulations.

Shareholding Pattern

Following the acquisition, the shareholding of Pawan Kumar Modi increased significantly. Prior to the transaction, he held 6,21,556 shares, representing 13.87% of the total share capital. Post-acquisition, his holding rose to 16,21,071 shares, constituting 36.16% of the total share capital. The seller, Ashok Kumar Modi, held 9,99,515 shares (22.30%) prior to the transfer and holds nil shares subsequent to the transaction.

Regulatory Compliance

The acquirer confirmed compliance with the requisite regulations, stating that the report was submitted to SEBI within 21 working days of the acquisition. A fee of ₹1,50,000 plus 18% GST, totaling ₹1,77,000, was paid to SEBI via UTR No. SBIN526175776246 dated June 24, 2026. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HOICFD/poD1/P/ClR/2023/31 dated February 16, 2023.

Pawan Kumar Modi has acquired 9,99,515 equity shares, representing 22.30% of the total share capital, of National General Industries Limited from Ashok Kumar Modi. The transaction was executed on June 8, 2026, via an off-market inter-se transfer among immediate relatives by way of a gift. Following this transfer, Pawan Kumar Modi's total holding in the company increased to 36.16%, while Ashok Kumar Modi's holding reduced to zero.

The disclosure was submitted to BSE Limited on June 10, 2026, in compliance with Regulation 10(6) of the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeover) Regulations, 2011. The filing confirmed that the transfer involved equity shares of Rs. 10 each. The necessary intimation under Regulation 10(5) of the Takeover Regulations was previously submitted on June 1, 2026.

Shareholding Details

The following table outlines the changes in shareholding resulting from this inter-se transfer:

The voting rights referenced in the disclosure are based on the shareholding pattern filed under Regulation 31 of the SEBI (LODR) Regulations, 2015, for the quarter ended March 31, 2026. The acquisition qualifies for exemption under Regulation 10(1)(a)(i) of the Takeover Regulations as it involves an inter-se transfer amongst immediate relatives.