Promoter Group Cancels Proposed Share Transfer at Ester Industries
Ester Industries Limited announced the cancellation of a proposed transfer of shares between members of the promoter group. The decision, detailed in a filing, affects a planned gift of 124,858 equity shares representing 0.13% of the company's voting rights.Ayush Vardhan Singhania, a member of the promoter group, initially announced the proposed acquisition on March 18, 2026. This acquisition involved the transfer of the shares from Mr. Jai Vardhan Singhania, also a member of the promoter group and brother to Ayush Vardhan Singhania, via a gift. The cancellation is attributed to personal reasons.
Ayush Vardhan Singhania confirmed that the cancellation does not contravene any provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or other applicable laws and regulations. The BSE Scrip Code for Ester Industries is 500136, and the NSE Symbol is ESTER.
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