Mangalam Cement Promoter Reduces Stake Through Inter-Se Transfer of 5,508 Shares

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:

Parameter:	Before Transaction	After Transaction	Change
Shares Held:	2,90,744	2,85,236	-5,508
Percentage Holding:	1.06%	1.04%	-0.02%
Transaction Mode:	-	Inter-se Transfer (Off-Market)	-

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:

Capital Details:	Shares	Face Value
Total Equity Share Capital:	2,74,97,298	₹10.00 each
Total Voting Capital:	2,74,97,298	₹10.00 each
Total Diluted Share Capital:	2,74,97,298	₹10.00 each

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.02%	+2.81%	+7.80%	+6.62%	-16.39%	+269.98%

Mangalam cement has disclosed a substantial acquisition by promoter Vaishnaviajan through an inter-se transfer among promoters. The transaction, completed on December 17, 2025, involved the acquisition of 5,508 equity shares through a gift transfer mechanism.

Transaction Details

The acquisition represents a strategic consolidation within the promoter group. The following table summarizes the key transaction parameters:

Parameter:	Details
Acquirer:	Vaishnaviajan (Promoter/Promoter Group)
Shares Acquired:	5,508 equity shares
Transaction Type:	Inter-se Transfer (Off-Market)
Transaction Date:	December 17, 2025
Method:	Gift among Promoters

Shareholding Changes

The transaction has resulted in a marginal increase in Vaishnaviajan's shareholding in the company. The promoter's stake has grown from 0.18% to 0.20% of the total share capital.

Holding Period:	Number of Shares	Percentage of Total Capital
Before Acquisition:	50,000 shares	0.18%
Shares Acquired:	5,508 shares	0.02%
After Acquisition:	55,508 shares	0.20%

Company Share Capital Structure

The company's equity share capital structure remains unchanged following this inter-se transfer. Mangalam Cement Ltd maintains its total equity share capital at 2,74,97,298 equity shares of ₹10 each both before and after the transaction.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was reported to both NSE and BSE, where the company's shares are listed. Anshuman Vikram Jalan, acting as constituent attorney for Vaishnaviajan, signed the disclosure documents on December 18, 2025.

Market Impact

This inter-se transfer represents an internal reorganization within the promoter group rather than a change in overall promoter holding. Such transactions typically indicate promoter confidence and internal strategic planning within the promoter group structure.