Moongipa Capital Finance: Promoter's Son Inherits 1.62% Stake Following Father's Demise

1 min read     Updated on 09 Sept 2025, 02:49 PM
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Overview

Moongipa Capital Finance Limited announced a change in its promoter shareholding structure. 148,800 equity shares (1.62% of paid-up equity) were transmitted from late Suresh Chander Jain to his son, Sanjay Jain. Sanjay Jain's shareholding increased from 8.43% to 10.05%. The overall promoter group shareholding remains unchanged at 37.39%. Sanjay Jain also became the new Karta of Suresh Chander Jain & Sons HUF, holding 4.83% of the company's shares. The transmission falls under the exempted category of SEBI regulations and doesn't trigger an open offer requirement.

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Moongipa Capital Finance Limited has reported a significant change in its promoter shareholding structure following the demise of one of its key promoters. The company, listed on the BSE, disclosed that 148,800 equity shares, representing 1.62% of the paid-up equity, have been transmitted from the late Suresh Chander Jain to his son, Sanjay Jain.

Transmission Details

The shares were transferred to Sanjay Jain, who is already a member of the promoter group and was nominated by his late father. This transmission has resulted in a notable increase in Sanjay Jain's shareholding in the company:

Period Number of Shares Percentage of Total Share Capital
Pre-transmission 772,350 8.43%
Post-transmission 921,150 10.05%

Impact on Promoter Group Shareholding

Despite this internal transfer, the overall promoter group shareholding in Moongipa Capital Finance Limited remains unchanged at 37.39% of the total share capital. This is because the transaction occurred within the promoter family, with no shares changing hands outside the group.

Regulatory Compliance

The company has emphasized that this transmission falls under the exempted category as per Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, this transfer does not trigger the requirement for an open offer.

Additional Changes

In addition to the share transmission, the company reported that Sanjay Jain has assumed the position of the new Karta of Suresh Chander Jain & Sons HUF, which is also a promoter entity. This HUF continues to hold 442,425 equity shares, representing 4.83% of the company's paid-up equity share capital.

Regulatory Disclosures

Moongipa Capital Finance has duly filed the required disclosures under various SEBI regulations, including:

  1. Regulation 7(2)(a) of SEBI (Prohibition of Insider Trading) Regulations, 2015
  2. Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  3. Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

These filings ensure transparency and compliance with regulatory requirements following the change in shareholding structure.

The transmission of shares was completed on September 6, with the company making the necessary disclosures to the stock exchange on September 8. This change in promoter shareholding structure, while significant for the individuals involved, does not alter the overall promoter control or trigger any regulatory actions for Moongipa Capital Finance Limited.

Historical Stock Returns for Moongipa Capital Finance

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Moongipa Capital Finance Reports Rs 94.56 Lakh Q1 Profit, Board Approves Financial Results

1 min read     Updated on 07 Aug 2025, 12:42 PM
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Reviewed by
Riya DScanX News Team
Overview

Moongipa Capital Finance Limited posted a profit of Rs 94.56 lakh for Q2 2025, down from Rs 100.50 lakh year-over-year but up from a loss in the previous quarter. Total income decreased to Rs 314.47 lakh. The company's revenue was mainly from sale of shares, other operating income, and interest income. Total expenses were Rs 192.17 lakh. The Rs 1,527.40 lakh rights issue proceeds from January 2025 were fully utilized as planned.

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Moongipa Capital Finance Limited has reported a profit of Rs 94.56 lakh for the quarter ended June 30, 2025, according to the company's latest financial results approved by its Board of Directors. The financial services firm saw a slight decrease in profit compared to Rs 100.50 lakh in the same quarter last year but rebounded from a loss of Rs 53.08 lakh in the previous quarter.

Financial Highlights

  • Total Income: Rs 314.47 lakh, down from Rs 337.51 lakh year-over-year
  • Revenue from Operations: Rs 309.52 lakh
  • Profit Before Tax: Rs 122.30 lakh
  • Earnings Per Share (EPS): Rs 1.03 (Basic and Diluted)

Revenue Breakdown

The company's revenue from operations was primarily driven by:

  1. Sale of shares: Rs 162.06 lakh
  2. Other operating income: Rs 96.89 lakh
  3. Interest income: Rs 29.67 lakh
  4. Net gain on fair value changes: Rs 20.60 lakh

Expenses and Inventory Management

Total expenses for the quarter stood at Rs 192.17 lakh. Notable expense items included:

  • Purchase of stock in trade: Rs 327.80 lakh
  • Positive change in inventories: Rs 182.26 lakh (offsetting expenses)
  • Employee benefits expenses: Rs 15.32 lakh
  • Finance cost: Rs 17.23 lakh

Rights Issue Utilization

The company disclosed that the proceeds from its January 2025 rights issue, amounting to Rs 1,527.40 lakh, have been utilized as planned. The funds were primarily allocated for:

  1. Augmenting capital base and operational activities: Rs 1,450.40 lakh
  2. General corporate purposes: Rs 57.26 lakh
  3. Issue-related expenses: Rs 19.74 lakh

Board Meeting Details

The Board of Directors meeting, held on August 07, 2025, commenced at 11:30 A.M. and concluded at 12:15 P.M. During this meeting, the Board approved the unaudited standalone financial results for the quarter ended June 30, 2025, along with the Limited Review Report issued by the company's statutory auditors, M/s Sunil K. Gupta & Associates.

Market Information

Moongipa Capital Finance Limited, primarily engaged in NBFC activities, reported no deviation in the use of funds raised through the rights issue.

Investors and stakeholders can access the detailed financial results and related documents on the company's website at www.mongipa.com .

Historical Stock Returns for Moongipa Capital Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+0.59%+7.81%-6.60%-13.37%-47.53%+910.71%
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