INOX India Limited has officially intimated the transmission of 53,91,300 equity shares (5.94%) from the Late Shri Devendra Kumar Jain to Mr. Siddharth Jain and Mrs. Ishita Jain. Following this transfer, the aggregate holdings of Mr. Siddharth Jain and Mrs. Ishita Jain stand at 37.27% and 4.20%, respectively. Consequently, the Late Shri Devendra Kumar Jain has been formally removed from the list of Promoters and Promoter Group members as of February 18, 2026.
Intimation of Share Transmission within Promoter Group
INOX India Limited announced the completion of a significant share transmission event involving its Promoter Group members. This action was executed pursuant to regulatory requirements concerning listing obligations and disclosure norms.
A total of 53,91,300 Equity Shares, representing 5.94% of the company’s total capital, were transferred. These shares were previously held by the Late Shri Devendra Kumar Jain, a member of the Promoter and Promoter Group.
Resulting Shareholding Pattern
The shares were transmitted jointly to two key individuals:
- Mr. Siddharth Jain (Member of the Promoter Group and Director)
- Mrs. Ishita Jain (Jointly with Mr. Siddharth Jain)
Following this transaction, the resultant aggregate shareholding stakes for the receiving parties are as follows:
- Mr. Siddharth Jain now holds 3,38,32,255 equity shares, which translates to 37.27% of the company.
- Mrs. Ishita Jain now holds 38,09,350 equity shares, representing 4.20% of the company.
Impact on Promoter Status
As a direct result of this transmission, the late Shri Devendra Kumar Jain has ceased to be a part of the Promoter and Promoter Group of INOX India Limited. The company confirmed that his name will be officially deleted from the forthcoming Shareholding Pattern disclosure.
Source: BSE
