Agio Paper & Industries Ltd has announced a continual disclosure regarding a significant change in shareholding, as mandated under Regulation 7(2) and Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company disclosed this information through Form C, filed with the Bombay Stock Exchange on March 13, 2025. This disclosure pertains to a transfer of 71,95,868 equity shares (44.62% of the company’s shareholding) from Murari Lal Jalan to Ankit Jalan.

In line with the provisions of SEBI’s regulations, both Ankit Jalan, the recipient of the shares, and Murari Lal Jalan, the donor, have submitted the necessary forms to ensure compliance with insider trading regulations and continual disclosure requirements.

The gifted shares reflect a substantial change in the shareholding structure of Agio Paper & Industries Ltd., with the transaction carried out off-market on March 13, 2025. As a result, Ankit Jalan’s post-acquisition shareholding stands at 73,11,336 equity shares (45.34% of the total shares), whereas Murari Lal Jalan's shareholding has been reduced to zero, as a result of the gifted shares.

This disclosure is crucial for stakeholders and regulatory authorities, ensuring transparency and compliance with SEBI’s insider trading regulations. Agio Paper & Industries Ltd has adhered to all the required legal frameworks for such a transfer, including timely reporting and filing to the relevant authorities.

Both Ankit Jalan and Murari Lal Jalan have now formally informed Agio Paper & Industries Ltd. and the stock exchanges of the equity share transfer. These filings are part of the company's ongoing commitment to regulatory compliance and corporate governance.

The regulatory filings under Form C specify the promoter category and detail the mode of transfer, which was off-market. The disclosures also highlight the date of allotment and intimation to the company, confirming the timely compliance with SEBI’s directives.

In summary, the equity share gift from Murari Lal Jalan to Ankit Jalan is part of the ongoing shareholding restructuring within the promoter group of Agio Paper & Industries Ltd, and the company remains committed to upholding the highest standards of corporate governance and regulatory compliance.

This update assures investors and stakeholders that Agio Paper & Industries Ltd. is maintaining transparency in all its dealings and ensuring that all required disclosures are made in accordance with SEBI guidelines.

The Upcoming IPOs in this week and coming weeks are Paradeep Parivahan, Divine Hira Jewellers.

The Current active IPO are Super Iron Foundry, PDP Shipping & Projects.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.