National General Industries Ltd (NGIL) has seen a significant change in its shareholding structure as Badrinath Industries Limited acquired a substantial stake in the company. The off-market transaction, completed on September 24, 2025, marks Badrinath Industries' entry as a notable shareholder in National General Industries.

Transaction Details

Badrinath Industries Limited acquired 2,70,000 shares of National General Industries, representing a 6.02% stake in the company. This acquisition was executed through an off-market transaction, indicating a direct deal between parties rather than through the open market.

Shareholding Impact

Prior to this transaction, Badrinath Industries held no shares in National General Industries. The acquisition has resulted in the following changes:

Company Information

National General Industries, listed on the Bombay Stock Exchange (BSE) with the scrip code 531651, has an equity structure as follows:

• Total equity share capital: 55,30,259 shares
• Face value per share: Rs. 10
• Total equity share capital value: Rs. 5,53,02,590

It's worth noting that while the company's total equity shares stand at 55,30,259, the voting share capital comprises 44,82,659 equity shares, totaling Rs. 4,48,26,590.

Regulatory Compliance

The acquisition was reported in compliance with Regulation 29(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Badrinath Industries Limited, the acquirer, does not belong to the promoter or promoter group of National General Industries.

Market Implications

This substantial acquisition by Badrinath Industries could potentially influence the stock's performance and investor sentiment towards National General Industries. As a new significant shareholder, Badrinath Industries' strategies and decisions may be of interest to other investors and market watchers.

The stock market will be keenly observing any further developments or changes in the shareholding pattern of National General Industries following this notable transaction.

National General Industries Limited , a prominent player in the industrial sector, has witnessed substantial changes in its promoter group shareholding structure through a series of inter-family transfers. These moves, executed without monetary consideration, have resulted in a significant redistribution of ownership within the promoter group.

Ashok Kumar Modi's Planned Acquisition

Ashok Kumar Modi, a key member of the promoter group, has announced plans to acquire a substantial 13.16% stake in the company. This acquisition, scheduled for September 24, 2025, or later, will involve the transfer of 7,27,745 equity shares from his sons:

• 3,59,745 shares from Vasu Modi
• 3,68,000 shares from Madhur Modi

This transfer will significantly boost Ashok Kumar Modi's stake in National General Industries, reinforcing his position within the promoter group.

Pawan Kumar Modi's Recent Acquisition

In a separate transaction completed on September 11, 2025, Pawan Kumar Modi acquired a 6.33% stake, amounting to 3,49,786 equity shares. The shares were transferred from immediate family members:

• 2,70,976 shares from Sangeeta Modi
• 78,810 shares from Shakuntla Modi

This acquisition has substantially increased Pawan Kumar Modi's shareholding in the company from 4.91% to 11.24%.

Impact on Shareholding Structure

These transfers have led to a notable realignment within the promoter group:

Regulatory Compliance

The company has emphasized that these transfers are inter-se transactions between immediate family members and are exempt from open offer requirements under SEBI's takeover regulations. All necessary disclosures have been made to the stock exchanges in compliance with regulatory norms.

Company Overview

National General Industries Limited maintains its equity structure with a total share capital of Rs. 5,53,02,590, comprising 55,30,259 equity shares with a face value of Rs. 10 each. The voting capital stands at Rs. 4,48,26,590, representing 44,82,659 fully paid-up equity shares.

These shareholding changes reflect a significant reorganization within the promoter group of National General Industries Limited, potentially influencing the company's strategic direction in the coming years.