SPL Industries Limited Clarifies Promoter Shareholding Discrepancy
SPL Industries Limited detailed a clarification regarding the shareholding of Sunil Kumar & Sons, which forms part of the Promoter Group, addressing discrepancies noted between its quarterly shareholding pattern reports and records available with the Designated Depository (CDSL).The company reported 1,91,700 equity shares in the name of Sunil Kumar & Sons under Table II concerning the promoter and promoter group shareholding pattern submitted to the Stock Exchange. However, CDSL data reflected an additional entry of 216 equity shares under the Promoter & Promoter Group category, accompanied by a Dummy PAN, resulting in a difference of 216 shares.
Upon detailed scrutiny with CDSL, the company observed that the PAN against the said 216 shares had not been updated, which caused the discrepancy. Further verification with the Registrar and Share Transfer Agent (RTA), Kfin Technologies Limited, confirmed that the total holding for Sunil Kumar & Sons aggregates to 1,91,916 shares.
The total holding is spread across two demat accounts:
| Holding Component | Shares |
|---|---|
| In the name of Sunil Kumar & Sons | 1,91,700 |
| In the name of Sunil Jindal | 216 |
The 216 shares held in the second demat account have been under continuous holding and were previously classified under the Public Category. These shares constitute part of Sunil Jindal's overall shareholding, with no recent acquisition or transaction noted concerning these specific shares.
To maintain consistency with the records maintained by the Designated Depository (CDSL) and the RTA (Kfin), the company confirmed it will include the said 216 shares under the Promoter & Promoter Group category in the subsequent shareholding pattern filing.
SPLIL Stock Price Movement
Today, SPL Industries Limited shares slipped by 1.21% to close at ₹26.17. The stock settled for the day on a total volume of 7,911 shares.Source:
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