Mangalam Cement Limited — Others, 18-12-2024: Disclosure under SEBI Takeover Regulations

Mangalam Cement Ltd. has reported an inter-se transfer of 5,00,000 equity shares among its promoters as part of an internal restructuring. Specifically, Mr. Anshuman Vikram Jalan acquired 50,000 shares from Pilani Investment and Industries Corporation Ltd., and Vidula Consultancy Services Limited transferred 4,50,000 shares. Following this transaction, Jalan's shareholding increases to 31.77%, while Pilani’s reduces to 5.35%. This strategic realignment among the promoter group may enhance governance and consolidate control, potentially fostering a positive outlook for investor sentiment, given the stability it brings to ownership structure.