Promoter group to transfer 22.30% stake via inter-se gift

Pawan Kumar Modi, a member of the promoter group of National General Industries Limited , will acquire 9,99,515 equity shares constituting 22.30% of the total equity shares via an inter-se gift transfer from his brother, Ashok Kumar Modi. The transaction is scheduled for June 8, 2026, and is executed without consideration as a gift between immediate relatives.

The acquisition is intimated under Regulation 10(5) of the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeover) Regulations, 2011. The transfer is exempt from the requirement to make an open offer pursuant to Regulation 10(1)(a)(i), which covers inter-se transfers amongst immediate relatives.

Shareholding Details

The transfer will result in a significant shift in the shareholding pattern within the promoter group. Ashok Kumar Modi will transfer his entire holding of 9,99,515 shares, which represents 22.30% of the share capital, to Pawan Kumar Modi.

Shareholder	Shares Before	% Before	Shares After	% After
Pawan Kumar Modi	6,21,556	13.87	16,21,071	36.16
Ashok Kumar Modi	9,99,515	22.30	-	-

Regulatory Disclosures

Pawan Kumar Modi has declared that the transferors and transferees have complied with applicable disclosure requirements under Chapter V of the Takeover Regulations during the three years prior to the proposed acquisition. The requisite intimation has been submitted to the stock exchanges in the prescribed format.

The transfer is part of a series of inter-se transactions within the promoter group. Previous disclosures indicate that in September 2025, Pawan Kumar Modi acquired 3,49,786 shares (6.33%) from Sangeeta Modi and Shakuntla Modi, while Ashok Kumar Modi acquired 7,27,745 shares (13.16%) from Madhur Modi and Vasu Modi.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	+6.39%	+50.38%	+17.46%	+119.10%

National General Industries Ltd. has opened a special window for the transfer and dematerialization of physical shares, providing shareholders with an opportunity to convert their holdings into electronic form. The company announced this initiative in compliance with SEBI Circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The move is designed to streamline shareholding records and align with regulatory requirements for dematerialized securities.

The company disclosed that the newspaper publication regarding this special window was featured in the Financial Express and Jansatta on May 31, 2026. This communication serves as an official notice to all shareholders holding physical shares to utilize the facility. The special window allows investors to update their holdings, ensuring easier trading and compliance with current market standards.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The company has formally informed the Bombay Stock Exchange Ltd. regarding the publication of this notice. The regulatory framework mandates listed companies to facilitate the dematerialization of shares to enhance transparency and reduce risks associated with physical share certificates.

Shareholder Action

Shareholders holding physical shares are advised to take necessary action to transfer and dematerialize their holdings during this special window. The process involves submitting physical share certificates to the company's registrar and share transfer agent for conversion into electronic form. This step is crucial for shareholders to ensure seamless transactions and avoid potential difficulties in trading or transferring shares in the future.

Publication Detail	Information
Newspaper 1	Financial Express (National Daily)
Publication Date 1	May 31, 2026
Newspaper 2	Jansatta (Regional Daily)
Publication Date 2	May 31, 2026
SEBI Circular Reference	HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026
Circular Date	January 30, 2026

The company has ensured that all necessary disclosures have been made to the stock exchanges and the public. The special window is part of broader efforts to maintain an efficient and compliant shareholding structure. Shareholders are encouraged to act promptly to benefit from this facility.