Pritish Nandy Communications clarifies shareholding pattern following testamentary succession
Pritish Nandy Communications Ltd has issued clarifications regarding its promoter group's shareholding, following the transmission of shares previously held by Late Mr Pritish Nandy to his daughters. The company stated that the transaction, which occurred via inheritance and did not involve any change in corporate control, prompted a review of disclosure requirements.The shares were transmitted on December 24, 2025, to Mrs Rangita Pritish Nandy and Ms Ishita Pritish Nandy as per the testamentary succession stipulated under the Will of Late Mr Pritish Nandy, following his demise on January 8, 2025. The company confirmed that the acquisition was solely by way of inheritance/transmission and did not arise from any purchase, sale, inter se transfer, or voluntary transaction.
The management stated that the aggregate shareholding of the Promoter Group remained unchanged both before and after the passing of Late Mr Pritish Nandy. These shares were simply transmitted to the beneficiaries as per his Will, and this transmission resulted in no change in the control, management, or operational affairs of the company.
Pritish Nandy Communications Ltd acknowledged that the delay in filing specific disclosures occurred due to a bonafide understanding that the transaction—being a transmission under testamentary succession that did not affect overall promoter shareholding or corporate control—did not mandate separate disclosure at the relevant time. The company noted that these shares were duly disclosed in the shareholding pattern filed for the quarter ended December 31, 2025.
Upon subsequent communication from the company and after the matter was brought to the attention of the concerned promoters, the necessary disclosures were promptly furnished by Mrs Rangita Pritish Nandy and Ms Ishita Pritish Nandy. The delay in these filings was stated as inadvertent and unintentional.
Shareholding Details Post Transmission
The detailed acquisition data for both beneficiaries is provided below:Rangita Pritish Nandy's Acquisition Details:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights (A) | 6,43,500 | 17,15,319 |
| % w.r.t. total share/voting capital (A) | 4.45% | 11.86% |
| Mode of Acquisition | Inheritance in off market | Inheritance in off market |
| Date of Acquisition | 24/12/2025 | 24/12/2025 |
Ishita Pritish Nandy's Acquisition Details:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights (A) | 5,75,610 | 16,47,429 |
| % w.r.t. total share/voting capital (A) | 3.98% | 11.39% |
| Mode of Acquisition | Inheritance in off market | Inheritance in off market |
| Date of Acquisition | 24/12/2025 | 24/12/2025 |
The company reaffirmed its commitment to the highest standards of corporate governance and transparency.
PNC Stock Price Movement
Shares of Pritish Nandy Communications Limited are edging higher to ₹20.72 as of 10:31 AM today, gaining 4.65%. The stock has seen limited trading activity so far, with a volume count of 111 shares and an intraday range spanning from ₹19.61 to its current high.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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