Jyothy Labs has announced a restructuring within its promoter group through an inter-se gift transfer. 64,11,011 shares held by Mr. M. P. Ramachandran and 14,36,39,870 shares held by Ms. M. G. Shanthakumari were transferred to M. P. Ramachandran Family Trust I and II respectively. This realignment aims to streamline succession and promote family welfare, with no change in the overall promoter holding.
Promoter Shareholding Shift
Jyothy Labs has disclosed an internal restructuring within its promoter group. This involves a transfer of shares via gift, from individual promoters to family trusts. The key objective is to facilitate better succession planning and ensure the long-term welfare of the promoter family.
Details of the Inter-se Transfer
As part of the restructuring, 64,11,011 equity shares were transferred from Mr. M. P. Ramachandran to M. P. Ramachandran Family Trust I. Additionally, 14,36,39,870 equity shares were transferred from Ms. M. G. Shanthakumari to M. P. Ramachandran Family Trust II. The transfers were executed as gifts, without any monetary consideration.
Impact on Promoter Holding
The company has clarified that this inter-se transfer will not alter the total aggregate holding of the Promoter and Promoter Group. The restructuring aims to streamline the holding structure and ensure a smooth succession plan.
SEBI Exemption Order
It is important to note that this transfer was executed under a SEBI exemption order, dated October 16, 2025. This order provided an exemption from making an open offer due to the nature of the transaction. This transaction is merely internal to the Promoter Group. It will simplify the shareholding of shares held by family trusts.
Source: BSE