Jyotsna Poddar has disclosed the acquisition of 26,22,000 equity shares in Paradeep Phosphates Limited (PPL) through a gift from Mr. Akshay Poddar, an immediate relative and promoter group member. The transaction, executed on February 16, 2026, qualifies for an exemption under inter se transfer rules. This acquisition increases Ms. Poddar’s holding to 0.28% of the total share capital, as detailed in the required regulatory filing submitted on February 17, 2026.
Disclosure of Share Acquisition via Inter Se Transfer
Ms. Jyotsna Poddar has submitted a formal disclosure regarding the acquisition of shares in Paradeep Phosphates Limited (PPL). The acquisition was finalized on 16th February, 2026, involving the transfer of 26,22,000 equity shares. The transfer was executed as a gift from Mr. Akshay Poddar, who is identified as an immediate relative and a member of the promoter group of PPL.
Regulatory Context and Exemption
The transaction is being reported in compliance with Regulation 10(6) of the SEBI (SAST) Regulations, 2011. Crucially, this acquisition qualifies for an exemption under Regulation 10(1)(a) as it constitutes an inter se transfer between immediate relatives. A prior disclosure regarding the proposed acquisition was made on 09th February, 2026, satisfying the necessary timeline requirements.
Shareholding Evolution
The acquisition details show a significant change in the shareholding patterns for both parties involved. Prior to the transaction, Ms. Jyotsna Poddar held 2,93,874 shares, representing 0.03% of the total share capital. Post-acquisition, her total holding has increased to 29,15,874 shares, which now constitutes 0.28% of the diluted share capital of PPL. Conversely, the transferor, Mr. Akshay Poddar, saw his holdings reduce significantly, from 26,22,545 shares (0.25%) down to just 545 shares (0.00%).
The acquisition involved no monetary consideration, as the transaction was structured as a gift.
The official report was signed by Ms. Jyotsna Poddar on 17th February, 2026, from her location in Kolkata.
Source: BSE
