Pradeep Ganediwal Increases Mid India Industries Stake via Inheritance
Share transfer deed for Mid India Industries with fountain pen on a desk.
Key Highlights
Mid India Industries promoter Pradeep Ganediwal boosts stake to 19.78% after acquiring 856,126 shares through inheritance transfer from Late Shri Ranchhod Prasad Ganediwal.
Promoter Pradeep Ganediwal has significantly increased his stake in Mid India Industries, acquiring over 8.5 lakh equity shares through an inheritance transfer.
Key Acquisition Details
The shares were transferred from the holdings of Late Shri Ranchhod Prasad Ganediwal, who was also a promoter of the company. This move boosts Pradeep Ganediwal’s total stake.
- Shares Acquired: 8,56,126 equity shares
- Acquirer: Pradeep Ganediwal
- Previous Holder: Late Shri Ranchhod Prasad Ganediwal
- Transaction Date: June 11, 2026
- New Promoter Stake: 19.78% of total share capital
Regulatory Compliance
The acquisition, executed via transmission, was disclosed to the stock exchange on June 14, 2026. This was in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The company confirmed the transfer occurred due to the demise of Late Shri Ranchhod Prasad Ganediwal. It was an off-market, inter-se transfer between promoter family members at a nil value, with no derivatives trading involved.