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

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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?
































