Kopran Limited , a prominent pharmaceutical company, has reported significant changes in its promoter group shareholding structure. The company disclosed these transactions in compliance with the Securities and Exchange Board of India (SEBI) regulations, highlighting the movement of shares within the promoter group.

Key Transaction Details

• Surendra Somani's Acquisition: Surendra Somani, a key member of the promoter group, acquired 35,635 shares through an off-market transaction. This acquisition increased his shareholding from 9,27,975 shares (1.92% of the total share capital) to 9,63,610 shares (2.00%).

• Kumkum Somani's Divestment: Simultaneously, Kumkum Somani sold 35,635 shares, reducing her holding from 35,635 shares (0.07% of the total share capital) to zero shares.

Impact on Shareholding Structure

The transactions have resulted in a slight redistribution of shares within the promoter group:

Unchanged Shareholdings

Several other promoter group entities maintained their existing shareholdings:

• Vandana Somani: 9,64,650 shares (2.00%)
• Varun Somani: 17,24,950 shares (3.57%)
• Oriental Enterprises Partnership Firm: 17,64,750 shares (3.65%)
• Panorama Finvest Private Ltd: 38,00,000 shares (7.87%)
• Parijat Shipping and Finale Limited: 9,11,109 shares (1.89%)
• Sarvamangal Mercantile Company Limited: 29,02,951 shares (6.01%)

Company Overview

Kopran Limited's total equity share capital remains unchanged at INR 48.28 crores.

Regulatory Compliance

These transactions were reported in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures were made to ensure transparency and compliance with regulatory requirements for listed companies.

The off-market nature of these transactions indicates that they were conducted directly between the involved parties, rather than through the open market. This approach is common for inter-se transfers within promoter groups and helps maintain stability in the company's overall ownership structure.

Kopran Limited , a prominent pharmaceutical company, has recently witnessed a substantial change in its promoter group shareholding structure. The company has reported two significant off-market share transfer transactions among its promoter group members, resulting in a reshuffling of ownership within the group.

First Transaction: Complete Divestment by Three Promoters

In the first transaction, three promoter group members have completely divested their holdings in Kopran Limited:

1. Mridula Somani
2. Nupur Somani
3. Adarsh Somani

These individuals transferred a combined total of 12,39,650 shares, representing 2.57% of the company's total voting capital. The breakdown of their individual holdings prior to the transfer was as follows:

Following this transaction, the individual holdings of Mridula Somani, Nupur Somani, and Adarsh Somani have been reduced to zero.

Second Transaction: Divestment by Four Promoters

In a separate but related transaction, four other promoter group members also transferred their entire shareholdings:

1. Hridai Somani
2. Jaya Somani
3. Suhrid Somani
4. Susheel G Somani

These individuals collectively transferred 7,40,700 shares, accounting for 1.53% of the total voting capital. The individual holdings prior to the transfer were:

Similar to the first transaction, these promoters have also reduced their individual holdings to zero following the transfer.

Retained Shareholding

It's noteworthy that one promoter group member, Kumkum Somani, has retained a small stake in the company. Kumkum Somani continues to hold 35,635 shares, representing 0.07% of the total voting capital.

Impact on Company's Equity Share Capital

Despite these significant share transfers within the promoter group, Kopran Limited's equity share capital remains unchanged at INR 48.28 crores. This indicates that the transactions were internal transfers within the promoter group and did not involve any change in the company's overall capital structure.

Regulatory Compliance

The company has duly filed the required disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, informing both the National Stock Exchange and BSE Limited about these transactions.

These share transfers mark a significant change in the ownership structure within Kopran Limited's promoter group. While the reasons behind these transfers have not been disclosed, such movements often reflect strategic decisions or family wealth reorganization within promoter groups. Investors and market watchers will likely be keen to observe any potential impact on the company's governance or strategic direction following these changes in promoter shareholdings.