National General Industries has undergone a significant ownership shift as Ashok Kumar Modi acquired a substantial stake through inter-se transfers from his immediate family members. The transaction, completed as a gift without consideration, has resulted in Modi increasing his shareholding to 18.07% of the company's total share capital.

Transfer Details

• Madhur Modi transferred 368,000 equity shares (8.21%) to Ashok Kumar Modi.
• Vasu Modi transferred 359,745 equity shares (8.03%) to Ashok Kumar Modi.

The combined transfer amounts to 727,745 shares, equivalent to 13.16% of National General Industries' total share capital.

Shareholding Impact

Regulatory Compliance

The transaction qualifies for exemption from open offer requirements under SEBI takeover regulations as it involves inter-se transfer among immediate relatives.

Company Information

National General Industries Limited is listed on BSE Limited.

This significant reshuffling of ownership within the Modi family could potentially impact the company's governance and strategic direction.

National General Industries Ltd (NGIL) has seen a significant change in its shareholding structure as Badrinath Industries Limited acquired a substantial stake in the company. The off-market transaction, completed on September 24, 2025, marks Badrinath Industries' entry as a notable shareholder in National General Industries.

Transaction Details

Badrinath Industries Limited acquired 2,70,000 shares of National General Industries, representing a 6.02% stake in the company. This acquisition was executed through an off-market transaction, indicating a direct deal between parties rather than through the open market.

Shareholding Impact

Prior to this transaction, Badrinath Industries held no shares in National General Industries. The acquisition has resulted in the following changes:

Company Information

National General Industries, listed on the Bombay Stock Exchange (BSE) with the scrip code 531651, has an equity structure as follows:

• Total equity share capital: 55,30,259 shares
• Face value per share: Rs. 10
• Total equity share capital value: Rs. 5,53,02,590

It's worth noting that while the company's total equity shares stand at 55,30,259, the voting share capital comprises 44,82,659 equity shares, totaling Rs. 4,48,26,590.

Regulatory Compliance

The acquisition was reported in compliance with Regulation 29(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Badrinath Industries Limited, the acquirer, does not belong to the promoter or promoter group of National General Industries.

Market Implications

This substantial acquisition by Badrinath Industries could potentially influence the stock's performance and investor sentiment towards National General Industries. As a new significant shareholder, Badrinath Industries' strategies and decisions may be of interest to other investors and market watchers.

The stock market will be keenly observing any further developments or changes in the shareholding pattern of National General Industries following this notable transaction.