Jullundur Motor Agency (Delhi) Limited

Jullundur Motor Agency (Delhi) Limited

Jullundur Motor Agency (Delhi) Limited (JMA) has filed a disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This announcement pertains to the acquisition of shares by Smt. Shuchi Arora, identified as a company promoter. The acquisition was executed "by way of transmission," leveraging an exemption under Regulation 10(1)(g) of the SEBI Takeover Regulations, which typically applies to transfers through inheritance or succession. For investors, this indicates an internal restructuring or transfer of shares within the promoter group, rather than an open market acquisition, and represents a routine compliance update.

Jullundur Motor Agency (Delhi) Limited

Jullundur Motor Agency (Delhi) Limited announced a change in its promoter group composition. Following the demise of Smt. Santosh Sondhi, she has ceased to be a promoter of the company. Her shareholding has been transmitted to her daughter, Smt. Shuchi Arora, who is an existing Promoter and Director. This update, made under Regulation 31A (6) (c) of SEBI Listing Regulations, signifies an internal transfer of shares within the promoter family, with the shares going to an existing director. For investors, this indicates a continuity of family control and shareholding within the existing promoter and management structure.