INOX India Limited has reported a procedural change in promoter shareholding following the demise of the Late Mr. Devendra Kumar Jain. The acquisition of 53,91,300 equity shares (representing 5.94%) was executed through transmission without consideration among the surviving members of the promoter group. Crucially, this transfer falls under an exemption, meaning the aggregate shareholding of the promoter group remains unchanged at 75.00% (6,80,72,625 shares).
Disclosure Regarding Promoter Shareholding Update
INOX India Limited has furnished a disclosure to the stock exchanges concerning an adjustment in the shareholding structure of the promoter group. The announcement, dated 18th February, 2026, details the acquisition of 53,91,300 equity shares, which have a face value of Rs. 2/- per share.
Transmission Rationale
The acquisition was executed pursuant to the transmission of shares following the demise of the Late Mr. Devendra Kumar Jain. This transfer occurred without consideration among the surviving joint holders, Siddharth Jain and Ishita Jain.
The details of the shares transmitted from the Late Mr. Devendra Kumar Jain are summarized below:
- Total shares acquired via transmission: 53,91,300 shares, equivalent to 5.94% of the total share capital.
- The transmission involved shares held across two separate demat accounts.
Impact on Promoter Group Holding
Because the transmission occurred inter-se amongst the members of the promoter group, the transaction qualifies for exemption under Regulation 10(1)(g) of the SAST Regulations. Consequently, the aggregate shareholding of the entire promoter & promoter group remains constant at 6,80,72,625 equity shares, representing 75% of the paid-up equity share capital of the Company.
Shareholding Summary (Pre and Post Transaction)
The post-transaction shareholding of the individual acquirers is detailed as follows:
- Siddharth Jain: Increased from 3,09,78,705 shares (34.13%) to 3,38,32,255 shares (37.27%).
- Ishita Jain: Increased from 12,71,600 shares (1.40%) to 38,09,350 shares (4.20%).
- The holding previously attributed jointly with Siddharth Jain, which reflects the transmitted shares, moved from 5.94% (0 shares held post-transmission), as the total is redistributed to the surviving holders.
The filing was formally executed and submitted by Siddharth Jain and Ishita Jain, acting as Promoters and Acquirers, on 18th February, 2026, from Mumbai.
Source: BSE
