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Insecticides (India) Promoters Transfer 67.65% Stake to Family Trusts for Succession Planning
The promoter group of Insecticides (India) Limited has completed an internal reorganization, transferring 1,96,83,052 equity shares, representing 67.65% of the company's share capital, to four family trusts. This transfer was executed as a gift at nil value for the purpose of succession planning and streamlining family assets. The transaction was conducted following a specific exemption granted by SEBI in December 2025, ensuring no open offer was triggered. Since this is an internal reshuffle within the promoter group, the total promoter shareholding remains unchanged.
Key Highlights
Transfer of 1,96,83,052 equity shares (67.65% stake) to family-controlled trusts.
Sanskriti Family Trust emerged as the largest holder among the trusts with a 64.66% stake.
Transaction executed as an off-market gift with zero monetary consideration.
Exemption granted by SEBI under Regulation 11(5) of SAST Regulations to facilitate the transfer.
Move is aimed at long-term succession planning and internal reorganization of promoter assets.
💼 Action for Investors
This is a routine internal restructuring for succession planning and does not change the company's fundamentals or management control. Investors should treat this as a neutral event.