Mangalam Cement Limited has announced an inter-se transfer of equity shares between its promoters, involving the transfer of 11,017 shares as a gift transaction. The company disclosed this development under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, maintaining compliance with regulatory requirements for promoter shareholding changes.

Transfer Details

The share transfer was executed on December 18, 2025, involving Anshuman Vikram Jalan as the transferor and two family members as transferees. The transaction was structured as a gift between promoter group members, representing an internal reorganization of shareholding within the promoter family.

Share Distribution

The 11,017 equity shares were distributed between the two transferees in nearly equal proportions. The allocation demonstrates a balanced distribution of shareholding within the promoter family structure.

Regulatory Compliance

Mangalam Cement Limited filed the necessary disclosures with stock exchanges under Regulation 10(6) of SEBI SAST regulations. The company submitted the required documentation to both NSE and BSE, ensuring full transparency in the promoter shareholding changes.

Market Impact

The transferred shares represent 0.02% of Mangalam Cement's diluted share capital, indicating a minimal impact on the overall shareholding structure. Since the transaction involved no monetary consideration and was executed as a gift between promoter family members, no pricing details were applicable to this transfer.

The disclosure was signed by the respective transferees, with Anshuman Vikram Jalan acting as the natural guardian for Master Avayaan Vikram Jalan and as the constituted attorney for Vaishnavi Jalan. The documentation was completed in Kolkata on December 18, 2025, ensuring proper legal formalities were observed throughout the transfer process.

Mangalam cement promoter Anshuman Vikram Jalan has reduced his shareholding in the company through an inter-se transfer of equity shares. The transaction, completed on December 17, 2025, involved the disposal of 5,508 shares carrying voting rights through an off-market transfer.

Transaction Details

The share disposal has resulted in a marginal reduction in Jalan's stake in the cement manufacturer. The transaction details are presented below:

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of the Securities Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a gift through inter-se transfer among promoters, as specified in the regulatory filing submitted to both NSE and BSE on December 18, 2025.

Company Share Capital Structure

Mangalam Cement Ltd maintains a consistent equity share capital structure following this transaction:

The transaction involved only voting equity shares, with no encumbrances, warrants, or convertible securities affected. Jalan continues to hold his position as a promoter of the company despite the reduced shareholding percentage. The inter-se transfer mechanism indicates the shares were transferred within the promoter group structure, maintaining the overall promoter holding composition.