Promoter Group Receives Shares in K M Sugar Mills Ltd Following Transmission from Late L.K. Jhunjhunwala
K M Sugar Mills Ltd reported a significant share transfer involving the company's promoter group. The transmission concerned 14,302,600 equity shares of the company, which were transferred to Smt. Naina Devi Jhunjhunwala (Promoter Group), who acts as the nominee and legal heir of Late Shri L.K. Jhunjhunwala (Promoter).The transaction occurred on June 4, 2026, with the shares being transferred through an off-market process. This transfer represented 15.55% of the total paid-up equity share capital of K M Sugar Mills Ltd.
Prior to the transmission, the promoter group held a substantial stake in the company. The details of the holdings and the transaction are as follows:
| Metric | Details |
|---|---|
| Shares Transferred | 14,302,600 |
| Percentage Transferred (of paid-up capital) | 15.55% |
| Transferor | Late Shri L.K. Jhunjhunwala (Promoter) |
| Recipient | Smt. Naina Devi Jhunjhunwala (Promoter Group) |
| Mode of Transaction | Off-Market Transmission |
According to the company's records, before the transfer, the promoter group held 51,991,499 shares, constituting 56.51% of the total paid-up equity share capital. Following the transmission, the aggregate shareholding of the promoters and the promoter group remained unchanged at 51,991,499 shares (56.51%).
The detailed breakdown of the acquisition is provided below:
| Parameter | Pre-Transmission Holding (%) | Acquired Shares | Post-Transmission Holding (%) |
|---|---|---|---|
| Promoter Group Stake | 56.51% | 15.55% (shares) | 56.51% |
The transaction involved the transmission of shares from Late L.K. Jhunjhunwala, a promoter, to Smt. Naina Devi Jhunjhunwala, who is part of the Promoter Group and served as the nominee for the late promoter.
KMSUGAR Stock Price Movement
Shares of K.M.Sugar Mills Limited are edging higher to ₹27.32 as of 10:46 AM today, climbing 1.00% in live trading. The stock has seen a volume of 36,465 shares during the session, with the equity maintaining an intraday range between ₹26.83 and ₹27.50.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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