Remsons Industries Insider Trading Disclosure by Promoter on NSE & BSE
Team Finance Saathi
18/Mar/2025

What's covered under the Article:
- Disclosure of insider share purchase by Promoter Chand Krishna Kejriwal under SEBI Regulation 7(2).
- Acquisition of 10,000 equity shares on NSE, increasing total shareholding to 25.64%.
- Compliance with insider trading disclosure norms as per SEBI (PIT) Regulations, 2015.
Remsons Industries Limited has submitted a formal disclosure under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations) regarding changes in the shareholding of Mrs. Chand Krishna Kejriwal, Whole-Time Director and Promoter of the company. The disclosure was filed with the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on March 18, 2025, providing details of the acquisition of 10,000 equity shares of the company through the open market.
Details of the Share Acquisition
As per the disclosure, Mrs. Chand Krishna Kejriwal, holding the position of Whole-Time Director and Promoter of Remsons Industries Limited, acquired 10,000 equity shares of the company valued at approximately ₹11.54 lakhs through an on-market transaction on March 17, 2025.
Following this acquisition, her total shareholding in the company increased from 89,32,220 shares (25.61%) to 89,42,220 shares (25.64%).
Summary of Transaction Details:
- Name: Mrs. Chand Krishna Kejriwal
- DIN: 00513737
- Address: Chandni, Plot No. 14, Road No. 13, JVPD, Juhu – 400049, Mumbai, Maharashtra
- Designation: Whole-Time Director and Promoter
- Contact Number: +91 22 3501 6400
- Type of Security: Equity Shares
- Number of Shares Held Before Acquisition: 89,32,220 shares (25.61%)
- Number of Shares Acquired: 10,000 shares
- Transaction Value: ₹11.54 lakhs
- Mode of Acquisition: On-Market Transaction (NSE)
- Date of Acquisition: March 17, 2025
- Number of Shares Held After Acquisition: 89,42,220 shares (25.64%)
- Date of Intimation to Company: March 18, 2025
Filing Under SEBI PIT Regulations, 2015
The disclosure was made pursuant to Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which requires promoters, members of the promoter group, designated persons, directors, and their immediate relatives to disclose any change in their shareholding to the company if the value of the transaction exceeds ₹10 lakhs.
Form C was submitted, providing a detailed report of the acquisition of shares by Mrs. Chand Krishna Kejriwal, ensuring compliance with SEBI’s regulations aimed at preventing insider trading and maintaining transparency in trading activities by company insiders.
Explanation of Regulation 7(2) Compliance
As per Regulation 7(2) of SEBI (PIT) Regulations, 2015, any promoter, director, or designated person who undertakes a transaction exceeding ₹10 lakhs must disclose the details of the transaction to the company within two trading days from the date of the acquisition or disposal. The company, in turn, is required to disclose the same information to the stock exchanges within two working days of receipt of such disclosure.
In this case:
- Date of Acquisition: March 17, 2025
- Date of Disclosure to Company: March 18, 2025
- Mode of Transaction: On-Market Purchase through NSE
Compliance with Insider Trading Norms
The disclosure reflects Remsons Industries Limited’s adherence to SEBI regulations, ensuring timely reporting of insider trading activities. The acquisition was duly recorded and disclosed to both BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) under the prescribed timeline, ensuring complete transparency for investors and stakeholders.
Details of Disclosure Submission
The disclosure was submitted by Mr. Rohit Darji, Company Secretary & Compliance Officer of Remsons Industries Limited, bearing Membership No. A37077, ensuring that all required regulatory norms were fulfilled.
Company Details:
- Registered Office:
401, 4th Floor, Gladdiola, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India - Website: www.remsons.com
- CIN: L51900MH1971PLC015141
- Contact Number: +91 22 3501 6400
- Email: corporate@remsons.com
Role of the Stock Exchanges
The intimation was submitted to:
- BSE Limited (BSE): Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001
- National Stock Exchange of India Limited (NSE): Exchange Plaza, 5th Floor, ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
The company’s timely disclosure reinforces its commitment to corporate governance and compliance with SEBI’s strict regulatory framework.
Impact on Shareholding Pattern
With the acquisition of additional 10,000 shares, Mrs. Chand Krishna Kejriwal’s shareholding marginally increased by 0.03%, raising her stake to 25.64% in Remsons Industries Limited. While the acquisition does not significantly alter the overall shareholding pattern, it reflects a positive sentiment and continued promoter confidence in the future prospects of the company.
Conclusion: Commitment to Regulatory Transparency
The disclosure by Remsons Industries Limited regarding the acquisition of shares by Mrs. Chand Krishna Kejriwal under SEBI (PIT) Regulations, 2015 underscores the company's commitment to compliance and transparency in all its trading activities. By following the prescribed regulatory norms and ensuring timely reporting to stock exchanges, the company has upheld the principles of good corporate governance and investor trust.
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