National General Industries Limited , a prominent player in the industrial sector, has witnessed substantial changes in its promoter group shareholding structure through a series of inter-family transfers. These moves, executed without monetary consideration, have resulted in a significant redistribution of ownership within the promoter group.

Ashok Kumar Modi's Planned Acquisition

Ashok Kumar Modi, a key member of the promoter group, has announced plans to acquire a substantial 13.16% stake in the company. This acquisition, scheduled for September 24, 2025, or later, will involve the transfer of 7,27,745 equity shares from his sons:

• 3,59,745 shares from Vasu Modi
• 3,68,000 shares from Madhur Modi

This transfer will significantly boost Ashok Kumar Modi's stake in National General Industries, reinforcing his position within the promoter group.

Pawan Kumar Modi's Recent Acquisition

In a separate transaction completed on September 11, 2025, Pawan Kumar Modi acquired a 6.33% stake, amounting to 3,49,786 equity shares. The shares were transferred from immediate family members:

• 2,70,976 shares from Sangeeta Modi
• 78,810 shares from Shakuntla Modi

This acquisition has substantially increased Pawan Kumar Modi's shareholding in the company from 4.91% to 11.24%.

Impact on Shareholding Structure

These transfers have led to a notable realignment within the promoter group:

Regulatory Compliance

The company has emphasized that these transfers are inter-se transactions between immediate family members and are exempt from open offer requirements under SEBI's takeover regulations. All necessary disclosures have been made to the stock exchanges in compliance with regulatory norms.

Company Overview

National General Industries Limited maintains its equity structure with a total share capital of Rs. 5,53,02,590, comprising 55,30,259 equity shares with a face value of Rs. 10 each. The voting capital stands at Rs. 4,48,26,590, representing 44,82,659 fully paid-up equity shares.

These shareholding changes reflect a significant reorganization within the promoter group of National General Industries Limited, potentially influencing the company's strategic direction in the coming years.

National General Industries Limited , a company listed on the BSE, has reported significant changes in its promoter shareholding structure. Pawan Kumar Modi, a promoter of the company, has acquired a 6.33% stake through inter-se transfers from immediate family members.

Details of the Share Transfers

The transfers, which took place on September 11, were executed as gifts among immediate relatives. The specifics of the transactions are as follows:

1. Sangeeta Modi, wife of Ashok Kumar Modi (Pawan Kumar Modi's brother), transferred 270,976 equity shares, representing a 4.90% shareholding in the company.
2. Shakuntala Modi, Pawan Kumar Modi's mother, transferred 78,810 equity shares, accounting for a 1.43% stake.

Impact on Shareholding

Following these transfers:

• Pawan Kumar Modi's shareholding in the company has increased from 4.91% to 11.24%.
• Sangeeta Modi's shareholding in the company has reduced to zero.
• Shakuntala Modi's shareholding has also reduced to zero.

These transfers represent a significant shift in the promoter group's direct shareholding pattern, although the shares remain within the immediate family.

Regulatory Compliance

The transfers were conducted in compliance with regulation 10(1)(a)(i) of the SEBI (Substantial Acquisitions of Shares and Takeover) Regulations, 2011. The acquisition qualified for exemption from open offer requirements as it constituted inter-se transfers among immediate relatives. The company has duly filed all regulatory disclosures within prescribed timelines.

Company Share Structure

National General Industries Limited's share structure, as per the latest available information, is as follows:

It's worth noting that the voting capital excludes partly paid-up shares, as per the company's disclosure.

Market Information

National General Industries Limited is listed on the BSE with the scrip code 531651. The company's voting rights are based on the shareholding pattern filed under regulation 31 of SEBI (LODR) Regulation, 2015 for the quarter ended June 30.

This inter-se transfer of shares among promoter group members, while not affecting the overall promoter group holding, marks a notable change in the individual holdings within the promoter family of National General Industries Limited.