IGC Industries Limited Reports Major Share Transaction, Ownership Shift

IGC Industries Limited , formerly known as IGC Foils Limited, has reported a significant change in its shareholding structure, as disclosed under SEBI regulations for substantial acquisition of shares.

Key Transaction Details

Aspect	Details
Shares Involved	12,08,556
Voting Rights	53.95%
Previous Shareholding	14,67,025 shares (65.49%)
New Shareholding	2,58,469 shares (11.54%)
Transaction Dates	May 9-10, 2024
Total Equity Shares	22,49,999 (Rs. 10 each)

Transaction Significance

The transaction marks a substantial shift in the ownership structure of IGC Industries Limited. The shareholding has decreased significantly from 65.49% to 11.54%, indicating a major divestment by the previous majority shareholder(s).

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, which require the reporting of substantial acquisitions of shares and takeovers. Disha Abhishek Mehta from Mumbai filed the disclosure on May 10, 2024, ensuring transparency in the market regarding this significant ownership change.

Implications

This substantial change in shareholding may have implications for the company's governance and strategic direction. Investors and market watchers may want to monitor any subsequent announcements from IGC Industries Limited for potential changes in management or business strategy following this significant ownership shift.

It's important to note that while this transaction represents a major change in the company's ownership structure, its impact on the company's operations and future performance remains to be seen. Stakeholders should stay informed about any further developments or statements from the company regarding this change.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.63%	-1.26%	+2.95%	-42.07%	-79.34%	-84.13%

IGC Industries Limited has announced the appointment of Mr. Manoj Kumar Jhawar as an Additional Executive Director, effective September 20, 2025. The decision, made by the company's Board of Directors, aims to bring valuable industry expertise to IGC Industries' leadership team.

Appointment Details

Mr. Jhawar's appointment is subject to shareholder approval at the next General Meeting. He will serve as an Additional Executive Director and will be liable to retire by rotation.

Expertise and Experience

Manoj Kumar Jhawar brings over 15 years of experience in the logistics industry to IGC Industries. His areas of expertise include:

Commercial operations
Market development
Business strategies
Supply chain management
Procurement
Distribution networks

Educational Background

Mr. Jhawar holds a Bachelor's degree in Commerce, providing him with a solid foundation in business principles.

Independence and Relationships

The company has confirmed that Mr. Jhawar is not related to any existing directors of IGC Industries Limited, ensuring an independent perspective in his new role.

Company Background

IGC Industries Limited, formerly known as IGC Foils Limited, is headquartered in Kolkata with a corporate office in Telangana. The company operates under the CIN: L01100WB1980PLC032950.

This strategic appointment underscores IGC Industries' commitment to strengthening its executive team with experienced professionals from the logistics sector. As the company moves forward, Mr. Jhawar's extensive industry knowledge is expected to contribute to IGC Industries' growth and operational strategies in the coming years.