Trading Symbol
JKIPL
Nature of Disclosure: Regulatory intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 and Regulation 10(5) of SEBI (SAST) Regulations, 2011 regarding an inter-se transfer of shares among promoters.
Key Transaction Details:
- A proposed off-market transfer of 1,487,300 equity shares by way of gift from Sandhya Jain (Transferor/Donor) to Anubhavi Jain (Transferee/Donee).
- The shares represent 3.87% of the total diluted share capital of the company.
- The transaction is scheduled to be executed on or after 28th August, 2026.
- The transfer is between immediate relatives as defined under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011.
Shareholding Impact:
- Sandhya Jain (Donor): Holding reduces from 2,853,472 shares (7.43%) to 1,366,172 shares (3.56%) post-transfer.
- Anubhavi Jain (Donee): Holding increases from 0 shares (0.00%) to 1,487,300 shares (3.87%) post-transfer.
Regulatory Compliance:
- The transaction is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations.
- The acquirer (Anubhavi Jain) has declared compliance with all conditions specified under Regulation 10(1)(a) and applicable disclosure requirements of Chapter V of the Takeover Regulations.
- Since the acquisition is by way of gift, requirements related to volume-weighted average market price and acquisition price declarations are not applicable.
Documentation: The disclosure includes executed gift deed documentation and undertaking confirming regulatory compliance.
Financial Impact: The transaction involves no monetary consideration as it is a gift transfer.