KJMC Financial Services Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

KJMC Financial Services Limited announced a change in its promoter shareholding structure. Mrs. Chanddevi Jain has acquired 0.0213 Cr equity shares of the company through an inheritance. This transmission of shares occurred due to the demise of Mr. Inderchand Jain, who was also a promoter. As a result, Mrs. Jain's shareholding increased from 39.08% to 43.53%. This type of share acquisition, by way of inheritance, does not trigger the requirement for a mandatory open offer to other public shareholders. This development ensures continuity in promoter ownership and clarifies the transfer of a notable equity stake within the promoter family.