National General Industries Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Ashok Kumar Modi, a promoter of National General Industries, has significantly increased his stake by acquiring 7,27,745 equity shares. These shares, representing 13.16% of the total share capital, were received as gifts from his sons, Vasu Modi and Madhur Modi, via an off-market transfer among immediate relatives. This move raises Modi's total ownership to 9,99,515 shares, which is 18.07% of the total share capital and 22.30% of the voting capital. This strengthens the promoter family's control and ownership in the company without any cash outflow.