Uday Jewellery: Promoter Group Transfers 4.37% Stake via Gift
Uday Jewellery Industries Limited announces an inter-se transfer of 14,87,896 equity shares (4.37%) via gift. Promoter Group member Mrs. Sarla Sanghi transferred shares to Mr. Sanjay Kumar Sanghi, increasing his stake to 21.01%. The transfer occurred on September 25, 2026, and does not alter company control.
The transfer is between existing promoter group members and does not lead to a change in control or management. The aggregate promoter group holding remains the same, and the individual shareholding of the transferee remains below the 25% threshold, thus having a minimal impact on the company's stock.
The transaction is an inter-se transfer of shares within the promoter group as a gift, which does not fundamentally change the company's ownership structure or control, nor does it involve new capital infusion or financial distress.
Uday Jewellery Industries Limited has disclosed an inter-se transfer of equity shares by way of gift among members of its Promoter/Promoter Group. Mrs. Sarla Sanghi (Promoter Group) transferred 14,87,896 equity shares, representing her entire shareholding of 4.37% in the company, to Mr. Sanjay Kumar Sanghi (Promoter), Chairman & Managing Director – Corporate Affairs, who is her son.
The transfer was effected through an off-market transaction on 25th September, 2026, without any consideration. Following the transfer, Mr. Sanjay Kumar Sanghi's shareholding increased from 16.64% to 21.01% (71,53,318 shares), while Mrs. Sarla Sanghi's shareholding reduced to nil.
The company clarified that this transaction is solely amongst existing Promoter/Promoter Group members and does not result in any change in the control or management of the company. The aggregate shareholding of the Promoter and Promoter Group remains unchanged. Furthermore, the transaction does not trigger open offer obligations under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the Transferee's individual shareholding remains below the 25% threshold. Both parties have made the requisite disclosures as per SEBI regulations.
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Uday Jewellery Industries Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Uday Jewellery Industries Limited. Read the original for the full detail.