Promoter Group Cancels Proposed Share Transfer at Ester Industries
Ester Industries Ltd. announced the cancellation of a planned transfer of shares within its promoter group. The decision, revealed in a filing today, March 24, 2026, involves the previously announced gift of 124,858 equity shares, representing 0.13% voting rights.Ayush Vardhan Singhania, a member of the promoter group, initially informed the BSE Limited on March 18, 2026, of the proposed acquisition. The shares were to be gifted by Mr. Jai Vardhan Singhania, also a member of the promoter group and brother of Ayush Vardhan Singhania. The cancellation is attributed to personal reasons.
According to Ayush Vardhan Singhania, the transaction did not contravene any provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or any other applicable laws and regulations. The news was also disseminated to the National Stock Exchange of India Limited.
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