Mid India Industries Limited has filed a regulatory disclosure regarding changes in promoter shareholding through transmission. The disclosure is made pursuant to Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Quantitative Figures
- Shares Acquired: 8,56,126 equity shares
- Percentage of Acquisition: 5.25% of company's equity
- Pre-acquisition Holding: 23,68,000 shares (14.53%)
- Post-acquisition Holding: 32,24,126 shares (19.78%)
- Transaction Value: NIL (by way of transmission)
Parties Involved
- Acquiring Party: Mr. Pradeep Ganediwal (Promoter, PAN: ADYPG5554A, DIN: 00020385)
- Deceased Party: Late Shri Ranchhod Prasad Ganediwal (Former Promoter)
- Company Officer: Manish Joshi, Company Secretary & Compliance Officer (ACS-47472)
- Regulatory Reference: SEBI (Prohibition of Insider Trading) Regulations, 2015
Transaction Details
- Mode of Acquisition: Inter-se transmission (off-market)
- Transaction Type: Transmission of shares from deceased promoter
- Exchange: Not applicable (NA) as transaction was off-market
- Consideration: No monetary value involved
Capital Structure Impact
The transaction results in a change in promoter shareholding from 14.53% to 19.78%, representing an increase of 5.25 percentage points in Pradeep Ganediwal's ownership stake. No dilution or change to the total outstanding shares of the company occurred as this was a transfer of existing shares.
Financial Impact
No financial impact quantified as the transaction involved transmission of shares without monetary consideration.