Editor’s Note
This article details a minor inter-se promoter transfer of shares within Prakash Woollen & Synthetic Mills, executed as a family gift for succession planning. The transaction does not alter the overall promoter holding or affect company management.
Prakash Woollen & Synthetic Mills Limited has disclosed an inter-se promoter share transfer involving 5000 equity shares (0.05% stake) through a gift deed dated February 13, 2026. Promoter Vijay Kumar Gupta transferred the shares to his grandson Paawan Agarwal as part of a family succession arrangement. Post-transfer, Vijay Kumar Gupta holds 423709 shares (4.13%) while Paawan Agarwal now holds 5000 shares (0.05%). The transaction has no impact on management control as both parties remain within the promoter group structure.
The gift deed was executed as part of a private family arrangement between two members of the promoter group. Vijay Kumar Gupta, who serves as a promoter of the company, has transferred his 0.05% shareholding to Paawan Agarwal, who is already part of the promoter group as his grandson.
Following the completion of this transfer, the shareholding pattern of both parties has been updated. The transaction represents an internal reorganization within the promoter family structure.
The company has disclosed that the gift deed was executed pursuant to a private family arrangement with specific strategic objectives:
The management has clarified that this inter-se transfer will have minimal operational impact on the company. Since Paawan Agarwal was already part of the promoter group, there is no change in the overall promoter group composition. The only modification is that Paawan Agarwal will now acquire voting rights over the 0.05% stake in the company.
The transaction does not qualify as a related party transaction and involves no issuance of new shares. The company has confirmed that no restrictions or liabilities have been imposed on the listed entity as a result of this transfer.
Prakash Woollen & Synthetic Mills Limited has made this disclosure in compliance with Regulation 30A and 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has also made the information available on its website www.prakashwoollen.com for public access and transparency.