Triveni Glass Limited reported a rise in promoter shareholding following the conversion of physical shares held jointly with deceased parents into demat form.

Managing Director Jitendra Kumar Agrawal received 18,000 equity shares credited to his account on August 20, 2026. The company filed the disclosure under Regulation 29 and 30 of the SEBI (LODR) Regulations, 2015, on August 26, 2026.

Shareholding Details

The transaction involved shares previously held jointly by Mr Agrawal and his parents, Devanand Agrawal and Shakuntala Devi, in physical form. The application for name deletion and issue of shares in demat form was approved, resulting in the credit of shares to Mr Agrawal’s individual account.

The company clarified that there was no trading or inter-se transfer of shares involved in the process. The reduction in holdings under Devanand Agrawal’s name was offset by the corresponding increase in Mr Agrawal’s promoter category holding.

Regulatory Compliance

The intimation was submitted to the BSE Limited Department of Corporate Services. Tanushree Chatterjee, Company Secretary and Compliance Officer, signed the filing from the registered office in Allahabad.

Promoter Meeta Agrawal of Triveni Glass has seen her stake in the company increase following the transfer of 45,550 equity shares from her late father’s demat account. The shares were credited to Agrawal’s account maintained with Stock Holding Corporation of India Limited (SHCIL) on August 14, 2026, by virtue of her being registered as the nominee.

The transfer relates to the estate of Inder Lal Dhawan, who passed away on March 28, 2014. The company noted a discrepancy in records, where the deceased was listed as "I. L. Dhawan" in company registers but as "Inder Lal Dhawan" in death certificates and KYC documents. Agrawal submitted the necessary documentation to SHCIL to facilitate the credit of shares from her father’s demat account (Client ID: IN30133019318105) to her own.

Transaction Details

The transaction is classified as an off-market transfer under Regulation 30 of SEBI (LODR) 2018. It does not involve any trading activity or change in beneficial ownership beyond the nominal transfer due to death. The value of the acquired shares was determined based on the market price on the day of credit.

Agrawal informed the company on August 18, 2026, that the value of the acquired shares did not trigger the requirement for continual disclosure under Regulation 7(2) of SEBI (PIT) Regulations 2015. However, she submitted the disclosure voluntarily as a matter of corporate governance.

What the Numbers Show

The transfer results in a modest increase in the promoter’s stake, raising it from 0.74% to 1.1%. While the absolute number of shares transferred is significant relative to the promoter’s existing holding, the total value of ₹3,07,462.50 indicates a low per-share valuation at the time of transfer. This non-trading event consolidates the promoter group’s holding without impacting market liquidity or involving external buyers or sellers.