INOX India Limited disclosed a significant change in the shareholding of Promoter Siddharth Jain. Following the demise of the late Mr. Devendra Kumar Jain, 28,53,550 equity shares were transmitted to Mr. Siddharth Jain without consideration. This transmission resulted in Mr. Jain’s total stake increasing from 34.13% to 37.27% of the paid-up capital. The event was officially reported on February 18, 2026.
Disclosure of Promoter Shareholding Change
INOX India Limited has filed a necessary disclosure concerning a change in the holdings of Promoter and Non-Executive Director, Mr. Siddharth Jain. This change stems from an internal transmission following the demise of a related party, the late Mr. Devendra Kumar Jain.
Details of Share Transmission
The disclosure confirms that 28,53,550 equity shares, each having a face value of Rs. 2/-, were transferred to Mr. Siddharth Jain. Crucially, this acquisition was executed without consideration, pursuant to transmission following the demise.
Impact on Ownership Stake
Prior to this transmission, Mr. Siddharth Jain held 3,09,78,705 equity shares, representing 34.13% of the total paid-up equity capital. Post-transmission, his new holding stands at 3,38,32,255 equity shares, increasing his total stake to 37.27%.
Transaction Timeline
- Date of Acquisition/Allotment: 16.02.2026
- Date of Intimation to Company: 18.02.2026
- Mode of Acquisition: Transmission (Inter-se transfer amongst surviving joint holder)
The Company Secretary & Compliance Officer, Jaymeen Patel, certified the disclosure on February 19, 2026, confirming the fulfillment of obligations under insider trading regulations.
Source: BSE
