Cybele Industries Promoters Execute Major Share Transfer Through Family Gift
Cybele Industries Limited announced a significant reshuffling of promoter shareholding through gift transactions. Mr. Joykutty and Mrs. Annamma Joy transferred 36.17% (38,69,032 shares) of the company to their sons, Thomas P Joy and George P Joy. Post-transfer, both sons now hold over 31% each in the company. The transaction complies with SEBI's exemption regulations for transfers among immediate relatives within the promoter group. The aggregate promoter group holding remains unchanged at 64.01%.

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Cybele Industries Limited has witnessed a substantial reshuffling of its promoter shareholding through a series of gift transactions. The company announced that two of its promoters, Mr. Joykutty and Mrs. Annamma Joy, have transferred significant stakes to their sons, Thomas P Joy and George P Joy, in a move that has altered the ownership structure within the promoter group.
Key Details of the Share Transfer
The inter-se transfer involved a total of 36.17% of the company's shares. Here's a breakdown of the transaction:
| Transferor (Seller) | Transferee (Acquirer) | Shares Transferred | % of Total Shareholding |
|---|---|---|---|
| Mr. Joykutty and Mrs. Annamma Joy | Thomas P Joy and George P Joy | 38,69,032 | 36.17 |
Impact on Shareholding Pattern
The gift transaction has resulted in a significant redistribution of shares within the promoter group. Following the transfer, both Thomas P Joy and George P Joy now hold over 31% each in Cybele Industries Limited.
Regulatory Compliance
The company has emphasized that this inter-se transfer falls under the exemption provisions of SEBI regulations. Specifically, it complies with SEBI's exemption regulations for transfers among immediate relatives within the promoter group.
Key Points to Note
- The transfer was executed as a gift, with no monetary consideration involved.
- The aggregate promoter group holding remains unchanged at 64.01% after the transaction.
- The company has confirmed compliance with all applicable SEBI regulations.
This significant reshuffling of shares within the promoter group of Cybele Industries reflects a generational shift in ownership, with the younger generation of the Joy family taking on larger stakes in the company. While the overall promoter holding remains constant, the individual control within the group has seen a marked change.
Historical Stock Returns for Cybele Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.13% | -14.51% | +26.43% | +18.77% | -17.82% | +379.88% |






























