Ester Industries Limited Cancels Proposed Share Transfer
Ester Industries Limited announced the cancellation of a previously proposed inter-se transfer of shares among promoter and promoter group members. The decision, effective March 24, 2026, was made due to unforeseen circumstances.Previously, on March 18, 2026, a disclosure was made regarding the proposed transfer. The planned transfer involved Mr. Ayush Vardhan Singhania, a member of the promoter group, acquiring 124,858 equity shares carrying 0.13% voting rights via gift from Mr. Jai Vardhan Singhania, a fellow promoter group member. Fenton Investments Private Limited was also involved in a separate proposed acquisition of 84,000 equity shares carrying 0.08% voting rights from Mr. Ayush Vardhan Singhania.
Both parties have declared that no provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations or any other applicable laws/regulations have been contravened regarding the transactions.
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