National General Industries Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST
10th June, 2026
To
The Listing Departments
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai – 400001
Ref. : Scrip Code : 531651
Target Company : National General Industries Limited
Sub.: Report under Regulation 10(6) of Securities and Exchange Board of India (Substantial
Acquisitions of Shares and Takeover) Regulations, 2011 (“Takeover Regulations”)
Dear Sir,
I, Pawan Kumar Modi (‘Acquirer’), have acquired cumulatively 9,99,515 equity shares
equivalent to 22.30% equity shares of National General Industries Limited from Mr. Ashok
Kumar Modi, as gift, by way of ‘inter-se’ transfers of shares amongst qualifying persons as
specified in Regulation 10(1)(a)(i) of Takeover Regulations.
Pursuant to Regulation 10(6) of the Takeover Regulations, 2011 read with SEBI Master
Circular No. SEBI/HOICFD/poD1/P/ClR/2023/31 dated February 16, 2023, please find
enclosed herewith the requisite report in the prescribed format pertaining to the acquisition
of equity shares.
The necessary intimation under Regulation 10(5) of the Takeover Regulations in the
prescribed format, has already been submitted vide letter dated 1st June, 2026.
Kindly take the report on record and do the needful to disseminate the same to the public
Thanking you,
Yours faithfully,
PAWAN KUMAR MODI
E-39, Kalindi Colony,
New Delhi - 110065
Encl.: As above
----------------Page (0) Break----------------
Disclosures under Regulation 10(6) – Report to Stock Exchanges in respect of any
acquisition made in reliance upon exemption provided for in Regulation 10 of Securities
and Exchange Board of India (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
1. Name of the Target Company (TC) National General Industries Limited
2. Name of the acquirer(s) Pawan Kumar Modi
3. Name of the stock exchange where
share of the TC are listed
BSE Limited (BSE)
4. Details of the transaction including
rationale, if any, for the transfer/
acquisition of shares.
Inter-se Transfer between promoter and
promoter group(s). Acquisition of shares by
Acquirer as gift from Transferors, being inter-
se transfer amongst immediate relatives, out
of their natural love and affection.
5. Relevant regulation under which the
acquirer is exempted from making
open offer.
Acquisition of shares from Mr. Ashok Kumar
Modi brother of Shri Pawan Kumar Modi
qualifies for general exemption under
Regulation 10(1)(a)(i) of SEBI (Substantial
Acquisition of Shares and Takeovers)
Regulations, 2011 i.e., acquisition pursuant
to inter-se transfer of shares amongst
qualifying persons, being Immediate
Relatives.
6. Whether disclosure of proposed
acquisition was required to be made
under regulation 10 (5) and if so,
- whether disclosure was made and
whether it was made within the
timeline specified under the
regulations.
- date of filing with the stock exchange.
Yes, disclosure of proposed acquisition was
required to be made and was made on 1st
June, 2026, which is within the prescribed
timeline i.e. at least 4 working days prior to
the transactions, to the stock exchange.
7. Details of acquisition Disclosures required
to be made under
regulation 10(5)
Whether the
disclosures under
regulation 10(5) are
actually made
a. Name of the transferor Ashok Kumar Modi Yes
b. Date of acquisition On 08-06-2026,
9,99,515 equity
shares from Ashok
Kumar Modi
Yes
c. Number of shares/ voting rights in
respect of the acquisitions from
each person mentioned in 7(a)
above
Pawan Kumar Modi
has acquired
9,99,515 equity
shares having voting
rights of 22.30% held
by his brother Mr.
Ashok Kumar Modi
on 8th June, 2026
Yes
----------------Page (1) Break----------------
d. Total shares proposed to be
acquired / actually acquired as a %
of diluted share capital of TC
22.30% Yes
e. Price at which shares are
proposed to be acquired / actually
acquired
NIL as the transfer has been carried out
without consideration i.e. by way of an off-
market gift of shares from immediate
relative.
8. Shareholding details Pre-Transaction Post-Transaction
No. of
shares
held
% w.r.t
total
share
capital of
TC
No. of
shares
held
% w.r.t
total
share
capital of
TC
a Each Acquirer / Transferee(*)
Pawan Kumar Modi
6,21,556
13.87
16,21,071
36.16
Total 6,21,556 13.87 16,21,071 36.16
b Each Transferor
Ashok Kumar Modi
9,99,515
22.30
-
-
Total 9,99,515 22.30 - -
Note:- Voting rights is as per Shareholding Pattern filed under regulation 31 of SEBI (LODR)
Regulation, 2015 for the quarter ended on 31st March, 2026.
Place: 10-06-2026 PAWAN KUMAR MODI
Date : New Delhi ACQUIRER/TRANSFEREE
Note:
(*) Shareholding of each entity may be shown separately and then collectively in a
group.
The above disclosure shall be signed by the acquirer mentioning date & place. In
case, there is more than one acquirer, the report shall be signed either by all the
persons or by a person duly authorized to do so on behalf of all the acquirers.
----------------Page (2) Break----------------
