Promoter Holding Increases as B Sriramulu Acquires Shares in KG Denim Ltd
On June 24, 2026, the promoter holding structure of KG Denim Ltd saw a noted change following an inter-se transfer between promoters. The transaction involved the acquisition of shares by B Sriramulu, impacting his individual stake while maintaining the stability of the company's total capital and promoter group concentration.The acquisition was conducted off market. Prior to this transaction, B Sriramulu held 3,458,659 Equity shares carrying voting rights, representing 13.49% of the company. This holding subsequently increased following the share purchase.
Acquisition Summary
| Metric | Pre-Acquisition Holding (B Sriramulu) | Post-Acquisition Holding (B Sriramulu) |
|---|---|---|
| Shares carrying voting rights held by B Sriramulu | 3,458,659 | 47,08,659 |
| Percentage of shares held by B Sriramulu | 13.49% | 18.37% |
The transaction involved the acquisition of 12,50,000 Equity shares carrying voting rights by B Sriramulu, representing 4.88%. The company's total equity share capital remained at 2,56,37,825 Equity shares of Rs.10/- each, valued at Rs 25,63,78,250, both before and after the acquisition.
Promoter Holding Structure Changes
The transaction accounted for a portion of the total shareholding held by promoter group members, who collectively controlled 58.74% of the company prior to the change.Pre-Transaction Promoter Holdings in KG Denim Ltd:
| Name | Category | Number of Shares | % of Share Holding |
|---|---|---|---|
| Sriramulu B | Promoter | 3,458,659 | 13.49% |
| Sri Kannapiran Mills Limited | Promoter | 32,65,183 | 12.74% |
| K G Balakrishnan | Promoter | 13,34,060 | 5.20% |
| Ganapathykumaran Investments (P) Ltd | Promoter Group | 10,14,255 | 3.96% |
| Kumaranganapathy Investments (P) Ltd | Promoter Group | 8,82,707 | 3.44% |
| (Total Promoters) | 1,50,58,956 | 58.74% |
Post-Transaction Promoter Holdings in KG Denim Ltd:
| Name | Category | Number of Shares | % of Share Holding |
|---|---|---|---|
| Sriramulu B | Promoter | 47,08,659 | 18.37% |
| Sri Kannapiran Mills Limited | Promoter | 32,65,183 | 12.74% |
| K G Balakrishnan | Promoter | 84,060 | 0.33% |
| Ganapathykumaran Investments (P) Ltd | Promoter Group | 10,14,255 | 3.96% |
| Kumaranganapathy Investments (P) Ltd | Promoter Group | 8,82,707 | 3.44% |
Stock Price Movement
As of 11:23, KG Denim Ltd. shares are edging higher in the market at ₹15.93, achieving a strong rise of 3.78%. The stock has traded within an intraday range spanning from a low of ₹15.50 to a high of ₹16.47.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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