Promoter Group Transfer in Jaro Institute of Technology Management: Balkrishna Salunkhe's Stake Rises Following Gift of Shares
The promoter group of Jaro Institute of Technology Management and Research Limited (JARO) conducted an inter-se transfer, resulting in an increase in shares held by Mr. Balkrishna Namdeo Salunkhe. The transaction was executed on June 9, 2026, involving the gifting of shares from his brother, Mr. Rajendra Namdeo Salunkhe.The acquisition relates to the inter-se transfer of equity shares between immediate relatives within the Promoter Group. As a gift among family members, no consideration was involved in the transaction.
Prior to the acquisition, Mr. Balkrishna Namdeo Salunkhe held 4,57,098 shares, representing 2.05% of the total share capital. Following the transfer, his holding increased substantially to 9,12,196 shares, which accounts for 4.10% of the company’s total shares.
The transaction resulted in Mr. Rajendra Namdeo Salunkhe transferring all his holdings in the company. Previously, he held 4,55,098 shares, representing a 2.04% stake. Post-transaction, his holding stands at zero.
Details regarding the shareholding before and after the transfer are summarized below:
| Shareholder | Role / Relationship | Shares Held Before Acquisition | Percentage of Capital (Before) | Shares Held After Acquisition | Percentage of Capital (After) |
|---|---|---|---|---|---|
| Balkrishna Namdeo Salunkhe | Acquirer/Promoter | 4,57,098 | 2.05% | 9,12,196 | 4.10% |
| Rajendra Namdeo Salunkhe | Seller/Transferor | 4,55,098 | 2.04% | 0 | 0 |
JARO Stock Price Movement
Shares of Jaro Institute of Technology Management and Research Limited shed value, settling down to ₹534.05 after a 4.05% drop in post-market trading today. The stock saw a total traded volume of 166,671 shares during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.