Akshay Poddar, a significant shareholder in Paradeep Phosphates Limited, announced the transfer of 26,22,000 equity shares to his immediate relative, Jyotsna Poddar, on February 16, 2026. This transaction was executed as a gift via an off-market, inter-se transfer. Following the disposal, Mr. Poddar’s remaining holding in the company stands at just 545 shares, representing 0.00% of the total paid-up share capital.
Shareholding Change Disclosure
Akshay Poddar has formally disclosed a substantial change in his shareholding concerning Paradeep Phosphates Limited (PPL). The disclosure, made on February 17, 2026, details the transfer of 26,22,000 equity shares, which represented 0.25% of the total share capital prior to the transaction.
Details of the Transfer
The entire transaction was executed on February 16, 2026, and was classified as a gift to an immediate relative. The mode of acquisition/sale was explicitly noted as an OFF MARKET – INTER SE TRANSFER.
- Shares Disposed: 2,622,000 equity shares.
- Percentage Disposed: 0.25% of total voting capital.
Resulting Post-Transfer Holding
The transfer significantly reduced the seller’s stake. After the gift transfer, Akshay Poddar’s residual holding in PPL is now only 545 shares. This residual stake constitutes 0.00% of the company’s total paid-up share capital.
Capital Structure Confirmation
The total equity share capital of Paradeep Phosphates Limited remains unchanged as a result of this internal transfer between related parties. The capital stands at 103,79,68,989 Equity Shares of ₹10/- each, fully paid up, both before and after the said acquisition/sale.
Source: BSE
