Mold-Tek Technologies Promoter Gifts 10 Lakh Shares to Children
Mold-Tek Technologies Limited announced an inter se transfer within its promoter group. Mr. Subramanyam Adivishnu gifted 10,00,000 equity shares (5,00,000 each) to his son and daughter. The transfer represents 3.50% of the company's total share capital but does not change the overall promoter group holding of 49.39%. Each share has a face value of ₹2.00. The company's total equity share capital is 2,85,64,460 shares.

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Mold-Tek Technologies Limited , a prominent player in the technology sector, has reported a significant inter se transfer within its promoter group. The company announced that Mr. Subramanyam Adivishnu, a key promoter, has gifted a total of 10,00,000 equity shares to his children.
Transfer Details
The transfer involves the following:
- 5,00,000 shares gifted to Mr. Adivishnu Durga Sundeep (son)
- 5,00,000 shares gifted to Mrs. Lakshmi Mythri Adivishnu (daughter)
Each share has a face value of ₹2.00, making this a substantial transfer within the family.
Impact on Shareholding
This inter se transfer represents 3.50% of Mold-Tek Technologies' total share capital. However, it's important to note that this movement of shares does not alter the overall promoter group holding in the company. The promoter group continues to hold 49.39% of the total share capital, remaining unchanged after this internal transfer.
Company Share Capital
Mold-Tek Technologies Limited's equity share capital stands at 2,85,64,460 shares, each with a face value of ₹2.00.
Significance
This transfer is noteworthy as it represents a generational shift within the promoter group, potentially indicating succession planning within the Adivishnu family. Both recipients, Mr. Adivishnu Durga Sundeep and Mrs. Lakshmi Mythri Adivishnu, are already members of the promoter group, suggesting a continued commitment to the company's leadership.
While this transfer doesn't impact the overall promoter holding, it does redistribute a significant portion of shares within the family, which could have implications for future decision-making processes within the promoter group.
Investors and market watchers may view this development as a sign of the promoter family's long-term commitment to Mold-Tek Technologies Limited, as they continue to maintain their substantial stake in the company while planning for the future.
Historical Stock Returns for Mold-Tek Technologies
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.58% | +4.13% | +15.18% | +40.46% | -29.86% | +329.88% |