Kiran D Anand, part of the Promoter Group of Gabriel India Limited, has reported a change in shareholding following the transmission of 18,83,680 equity shares from the late Mr. Deep C Anand. This transfer resulted in Mrs. Kiran D Anand’s stake increasing to 1.73%. Importantly, the total aggregate shareholding of the entire promoter and promoter group remains unchanged at 55.00%, as the transmission falls under regulatory exemption provisions.
Shareholding Update via Transmission
This report, dated February 20, 2026, pertains to a required disclosure regarding the transfer of shares within the promoter group of Gabriel India Limited. The core event involves the transmission of 18,83,680 equity shares, each having a face value of Re 1/-, from the late Mr. Deep C Anand to Mrs. Kiran D Anand.
Impact on Individual Shareholding
The transmission has resulted in an increase in the shareholding of Mrs. Kiran D Anand. Prior to the transaction, her holding was 0.42% (5,99,360 shares). Post-transmission, her direct stake has risen to 24,83,040 shares, representing 1.73% of the total capital. Conversely, the holding attributed to the late Mr. Deep C Anand decreased to 2,62,106 shares (0.18%).
Aggregate Promoter Group Position Unchanged
It is crucial to note that this change occurred through a transmission mechanism. As such, the transaction qualifies for exemption under Regulation 10(1)(g) of the relevant SEBI Takeover Regulations. Consequently, the total aggregate shareholding of the entire promoter and promoter group remains stable at 7,90,04,167 equity shares, equating to 55.00% of the company’s diluted share capital.
Transaction Details
The transaction formalizes the transfer resulting from the demise of the previous holder, Mr. Deep C Anand. The disclosure confirms that this move does not necessitate an open offer, as it is an intra-group transmission falling under specified exemption clauses.
Source: BSE
