Promoter Group Holding Rises Post Share Transmission at Polyspin Exports Ltd
The shareholding structure of Polyspin Exports Limited has seen a material change following the transmission of shares resulting from the demise of Shri R. Ramji. The transfer involved Promoters and impacted the holding percentage of the key shareholders in the listed company.According to the disclosures, 14,17,017 equity shares of Polyspin Exports Ltd were transmitted following the death of R. Ramji. These shares transfers involve the Promoter group.
The transaction details highlight that Durga Ramji acquired these shares. The shareholding status of the Promoters and the overall structure remains consolidated at 46,82,926 equity shares, representing a 46.83% holding for the entire Promoter & Promoters Group.
Prior to the transmission, Durga Ramji held 9,19,096 shares, constituting 9.19% of the total share capital of Polyspin Exports Limited. R. Ramji’s initial holding was recorded at 19,16,596 shares (19.17%).
Following the transmission, Durga Ramji's stake increased significantly to 23,36,113 equity shares, representing 23.36% of the total share capital. Meanwhile, R. Ramji’s shareholding was adjusted down to 4,99,579 shares (4.99%).
The shift in share distribution is detailed below:
| Shareholder Category | Name | Pre-Transaction Shares (Holding %) | Post-Transaction Shares (Holding %) |
|---|---|---|---|
| Acquirer / Transferee | Durga Ramji | 9,19,096 (9.19%) | 23,36,113 (23.36%) |
| Seller / Transferor | R. Ramji | 19,16,596 (19.17%) | 4,99,579 (4.99%) |
Stock Price Movement
Polyspin Exports Ltd. settled today at ₹28.75, ticking up 0.67%. Shares experienced daily volatility as they traded within a range established between the low of ₹28.50 and the high of ₹29.68.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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