PNC Infratech Limited announced a significant reorganization within its promoter group on March 27, 2026. The Transferees (Meena Jain, Chakresh Kumar Jain, Madhavi Jain, and Ashita Jain) acquired a total of 1,96,08,000 equity shares from the Transferors (Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF). This transaction was executed as an off-market transfer stemming from the partition among the Transferors. The total post-transaction shareholding of the core Transferees now stands at 56.07% of the total paid-up capital.
Inter-Se Transfer Details
This disclosure pertains to a significant internal restructuring involving the promoter group of PNC Infratech Limited, executed on March 27, 2026. The transaction involved the acquisition of 1,96,08,000 equity shares by the Transferees from the Transferors. The event was formalized as an off-market transfer, specifically pursuant to the partition of the assets held by the Transferors.
Shareholding Shift Analysis
Prior to the transaction, the combined holdings of the Transferors represented 7.65% of the total capital, while the Transferees collectively held 18.94%. Following the acquisition of 1,96,08,000 shares (equivalent to 7.65% of the capital), the Transferees’ aggregate holding increased substantially. The total post-transaction holding for the collective Transferees (Meena Jain, Chakresh Kumar Jain, Madhavi Jain, and Ashita Jain) settled at 14,38,41,000 shares, representing 56.07% of the equity share capital.
Holdings Before Transaction
The pre-transaction positions for the key Transferees were:
- Meena Jain: 2.89% (74,26,500 shares)
- Madhavi Jain: 7.02% (1,79,98,500 shares)
- Ashita Jain: 3.07% (78,73,500 shares)
Holdings After Transaction
Post-reallocation, the individual holdings within the Transferee group saw the following increases:
- Meena Jain: Increased to 4.94% (1,26,76,500 shares)
- Chakresh Kumar Jain: Increased to 1.76% (45,14,000 shares)
- Madhavi Jain: Increased significantly to 9.84% (2,52,55,000 shares)
- Ashita Jain: Increased to 5.06% (1,29,75,000 shares)
Capital Structure Context
The disclosure confirms that the total equity share capital of the Target Company, both before and after the transaction, remained constant at 25,65,39,165 equity shares of INR 2 each, aggregating to INR 51,30,78,330 in value. Other members of the promoter and promoter group maintained their existing stake of 34.46%, which, combined with the Transferees’ new holding, confirms the group’s consolidated control exceeding 56.07%.
Annexure Summary
The annexure provides a clear overview of the entire promoter group’s shareholding. Notable changes include the Transferors (Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF) exiting their positions, as their holdings are now reflected as Nil post-transaction. Meanwhile, key non-transacting members, such as Vaibhav Jain and NCJ Infrastructure Private Limited, retained their respective stakes of 8.72% and 9.65%.
Source: BSE
