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.

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.

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.