Suyog Gurbaxani Funicular Ropeways Discloses Share Transmission from Deceased Promoter Group Member to Legal Heir

1 min read     Updated on 09 May 2026, 01:15 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Suyog Gurbaxani Funicular Ropeways has disclosed the transmission of 1 fully paid-up share from Late Mr. Vivek Gurushantappa Lature, a deceased Promoter Group member, to his legal heir Mrs. Sampada Vivek Lature. The disclosure was made under Regulation 30 and 31A of SEBI LODR Regulations, 2015. Following the transmission, Late Mr. Vivek Gurushantappa Lature will cease to be part of the Promoter Group, and the company's shareholding pattern will be updated accordingly. The company clarified that the transmission does not materially impact shareholding or control.

powered bylight_fuzz_icon
39815158

*this image is generated using AI for illustrative purposes only.

Suyog Gurbaxani Funicular Ropeways has informed the stock exchange of a share transmission involving a deceased member of its Promoter Group. The disclosure was made pursuant to Regulation 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the company's receipt of an intimation regarding the said transmission.

Share Transmission Details

The transmission involves the transfer of shares held by Late Mr. Vivek Gurushantappa Lature to his legal heir, Mrs. Sampada Vivek Lature. The details of the transmission are as follows:

Parameter: Details
Deceased Member (Promoter Group): Late Mr. Vivek Gurushantappa Lature
Transmission To: Mrs. Sampada Vivek Lature
No. of Fully Paid-up Shares: 01
No. of Partly Paid-up Shares: -

Regulatory Implications

In accordance with Regulation 31A(6)(c) of the Listing Regulations, Late Mr. Vivek Gurushantappa Lature shall cease to be a part of the Promoter Group with effect from the date of the aforesaid transmission. Consequently, the shareholding pattern of the company will be updated to reflect the accurate promoter and promoter group shareholding.

The company has clarified that this disclosure is being made on a voluntary basis, as the transmission does not trigger any specific disclosure requirement under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Furthermore, the transmission does not materially impact the shareholding or control of the company under Regulation 30 of the SEBI LODR Regulations.

Company Communication

The disclosure was signed by Ameya Dhananjay Bodas, Company Secretary & Compliance Officer of Suyog Gurbaxani Funicular Ropeways. The details of the transmission are also available on the company's official website at https://sgfrl.com/ .

How might the updated promoter shareholding pattern affect investor confidence and institutional interest in Suyog Gurbaxani Funicular Ropeways going forward?

Will Mrs. Sampada Vivek Lature assume an active role in the company's promoter group, and could this lead to any changes in corporate governance or strategic direction?

Are there any additional share transmissions or estate-related disclosures expected from the Lature family that could further alter the promoter group composition?

SGFRL Submits Q4FY26 Regulation 74(5) Certificate to BSE and Depositories

1 min read     Updated on 10 Apr 2026, 08:38 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Suyog Gurbaxani Funicular Ropeways Limited completed its quarterly regulatory filing by submitting the required certificate under SEBI Regulation 74(5) for Q4FY26. The submission was made to BSE Limited and both major depositories CDSL and NSDL through its registrar KFIN Technologies Limited, confirming proper handling of securities dematerialization and rematerialization during the quarter.

powered bylight_fuzz_icon
37320802

*this image is generated using AI for illustrative purposes only.

Suyog Gurbaxani Funicular Ropeways Limited has submitted its quarterly certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The company filed the necessary documentation with BSE Limited and both major depositories through its Registrar and Share Transfer Agent.

Regulatory Compliance Submission

The company submitted the required certificate to BSE Limited on April 10, 2026, addressing the Manager - CRD at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. Company Secretary & Compliance Officer Ameya Dhananjay Bodas signed the submission letter, confirming receipt of the confirmation certificate from KFIN Technologies Limited.

Parameter: Details
Quarter Ended: March 31, 2026
Regulation: SEBI Regulation 74(5)
BSE Scrip Code: 543391
RTA: KFIN Technologies Limited
Filing Date: April 10, 2026

Depository Confirmations

KFIN Technologies Limited, serving as the Registrar to an Issue and Share Transfer Agent, issued separate certificates to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) on April 1, 2026. Senior Vice President Praveen Chaturvedi signed both certificates on behalf of KFIN Technologies.

The certificates confirm that details of securities dematerialized and rematerialized during the quarter have been furnished to all stock exchanges where the company's shares are listed, as required under SEBI regulations.

Company Information

Suyog Gurbaxani Funicular Ropeways Limited operates from its registered office at 18, Suyog Industrial Estate, 1st Floor, LBS Marg, Vikhroli (W), Mumbai - 400083, with its head office located in Nagpur. The company maintains its investor relations through dedicated email channels and has made the disclosure available on its website at sgfrl.com/stock-exchange-submission.

KFIN Technologies Role

KFIN Technologies Limited operates from its operations centre in Hyderabad's Financial District and maintains its registered office in Mumbai. The company serves as the share transfer agent, ensuring compliance with SEBI regulations regarding dematerialization and rematerialization of securities for listed companies.

What expansion plans does Suyog Gurbaxani Funicular Ropeways have for its ropeway infrastructure projects in the upcoming fiscal year?

How might the company's compliance track record impact its eligibility for government tourism and transportation infrastructure contracts?

Will SEBI introduce any new regulatory requirements for depositories and share transfer agents in the next quarter?

More News on Suyog Gurbaxani Funicular Ropeways