My Mudra Fincorp Limited Clarifies Inadvertent Transfer Error in Promoter's Shareholding
My Mudra Fincorp Limited has issued a clarification regarding the transfer of equity shares held by promoter Ms. Nisha Kulshrestha, following an inadvertent operational error during a collateral transaction with Pro Fin Capital Services Limited.The company confirmed that Ms. Nisha Kulshrestha had utilized a personal loan facility aggregating to Rs. 3,50,00,000 from Pro Fin Capital Services Limited. The shares were intended as security for this loan and the agreed total transfer was 5,50,000 equity shares, to be conducted across two tranches.
The transaction history and subsequent correction are detailed below:
| Transaction Detail | Shares Intended | Date | Status |
|---|---|---|---|
| First Tranche Transfer | 5,00,000 equity shares | June 02, 2026 | Completed |
| Second Tranche Intention | 50,000 equity shares | June 02, 2026 | Error occurred |
| Actual Shares Transferred (Second Tranche) | 13,33,200 equity shares | June 02, 2026 | Excess Transfer |
The error during the second tranche transfer resulted in an excess transfer of 12,83,200 equity shares (13,33,200 transferred instead of the intended 50,000).
The company also clarified that its previous disclosure on June 02, 2026, regarding this transaction had inadvertently reflected a transfer of 18,33,200 equity shares. The correct intended number of shares for security purposes was 5,50,000.
In response to the error, Ms. Nisha Kulshrestha initiated discussions with Pro Fin Capital Services Limited, the Depository Participant, and the Registrar and Share Transfer Agent to rectify the inadvertent transfer. Necessary legal and procedural steps are currently being undertaken to facilitate the transfer back of the excess 12,83,200 equity shares, which is expected to be completed at the earliest.
The company confirmed that this collateral transaction relates solely to promoter shareholdings as security for a personal borrowing and does not impact the business operations, financial position, or management of My Mudra Fincorp Limited.
MYMUDRA Stock Price Movement
Shares of My Mudra Fincorp Limited slipped by 5.3% to settle at ₹66.75 on Tuesday, having shed ₹3.70 from the prior closing price. The stock traded a total volume of 22,800 shares and touched a session low of ₹66.1 during the trading day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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