INOX India Limited has disclosed a major change in promoter holdings following the demise of Late Mr. Devendra Kumar Jain. Mrs. Ishita Jain, a Promoter and Non-Executive Director, acquired 25,37,750 equity shares via transmission without consideration. This transaction, completed on February 16, 2026, increased her stake to 4.20% of the total paid-up equity capital, representing an addition of 2.80%.
Disclosure of Promoter Shareholding Change
INOX India Limited has formally notified stock exchanges regarding a significant change in the shareholding structure involving a member of the Promoter Group. The disclosure pertains to the transmission of equity shares following the passing of Late Mr. Devendra Kumar Jain.
Details of Acquisition via Transmission
Mrs. Ishita Jain, identified as a Promoter and a Non-Executive & Non-Independent Director of the Company, was the recipient of these shares. The acquisition was executed through transmission and occurred on February 16, 2026. The total number of shares acquired was 25,37,750, with a face value of Rs. 2/- per share.
Impact on Ownership Stake
This transaction was completed without any consideration being paid. Prior to this event, the holding of Mrs. Ishita Jain was 12,71,600 Equity Shares, representing 1.40%. Post-transmission, her new holding stands at 38,09,350 Equity Shares, which corresponds to 4.20% of the total paid-up equity share capital of INOX India Limited. This represents an incremental acquisition equivalent to 2.80% of the capital.
Compliance Note
The filing confirms that this disclosure is being made pursuant to the applicable regulations, and the necessary Form C for perpetual disclosure has been submitted. The original shares held by the deceased are being transferred to the surviving joint holders, specifically Mrs. Ishita Jain jointly with Mr. Siddharth Jain.
Source: BSE
