Sky Industries Promoter Shailesh S Shah Completes Inter-se Transfer of 1,63,500 Equity Shares

1 min read | Published on 20 Jan 2026, 05:12 PM |Updated on 20 Jan 2026, 05:12 PM

Reviewed by

Ashish TScanX News Team

Key Highlights

Sky Industries Limited promoter Shailesh S Shah completed an inter-se transfer of 1,63,500 equity shares (2.07%) on January 20, 2026, increasing his direct shareholding from 35.24% to 37.31%. The transfer from M/s Skay Finvest Private Limited was originally disclosed in 2016 but delayed due to shares being pledged with Union Bank of India until November 26, 2025.

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Sky Industries Limited promoter and Managing Director Shailesh S Shah has successfully completed an inter-se transfer of 1,63,500 equity shares, representing 2.07% of the company's total shareholding. The transfer was executed on January 20, 2026, following the release of a pledge that had prevented the transaction for several years.

Transfer Details and Background

The shares were transferred from M/s Skay Finvest Private Limited, where Shah held beneficial ownership, directly to his demat account. This transaction represents the completion of an inter-se transfer among promoters that was originally disclosed to BSE Limited in February 2016.

Transfer Parameter:	Details
Shares Transferred:	1,63,500 equity shares
Percentage:	2.07% of total shareholding
Transfer Date:	January 20, 2026
Transfer Type:	Inter-se transfer among promoters
Mode:	Off-market transfer

Shareholding Changes

The transfer has resulted in an increase in Shah's direct shareholding in Sky Industries Limited. His voting rights have expanded from 35.24% to 37.31% of the company's total share capital.

Shareholding Position:	Before Transfer	After Transfer	Change
Number of Shares:	27,80,623	29,44,123	+1,63,500
Voting Rights:	35.24%	37.31%	+2.07%
Total Share Capital:	78,90,541 shares	78,90,541 shares	No change

Regulatory Compliance and Pledge Release

The transfer could not be executed earlier because the shares were pledged with Union Bank of India in connection with a loan facility availed by an erstwhile group company. The pledge was released on November 26, 2025, enabling the completion of this long-pending transfer.

Shah confirmed that the transfer is exempt under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction does not result in any change to the promoter group composition, overall promoter shareholding, or control of the company.

Regulatory Disclosures

The company has made necessary disclosures under multiple SEBI regulations:

Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015

Sky Industries Limited shares are listed on BSE Limited under scrip code 526479. The company's equity share capital consists of 78,90,541 equity shares of ₹10.00 each, which remains unchanged following this inter-se transfer.

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