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

Cybele Industries' promoters have announced an internal family share transfer. Mr. Joykutty and Mrs. Annamma Joy are gifting a significant portion of their shares to their sons, Mr. Thomas P Joy and Mr. George P Joy, who are also promoters. This transfer, done without monetary consideration, shifts ownership of 19,28,516 shares to Thomas P Joy and 19,40,516 shares to George P Joy. Post-transaction, the overall shareholding of the promoter group remains unchanged, ensuring stable ownership. This move signals a succession planning step within the promoter family.