Ganga Papers India Ltd promoters transfer 422,750 shares (3.92% of capital) as gift

What Ganga Papers India Ltd announced

Ganga Papers India Ltd (CIN L21012MH1985PTC035575, BSE 531813) filed a Form‑C disclosure on 30 June 2026, reporting that two members of its promoter group – Mr Sanjay Kanoria and Mr Sandeep Kanoria – have transferred equity shares of the company to each other by way of gift. The transfer was executed on 29 June 2026 and involved 422,750 shares, which constitute 3.92 % of the total paid‑up capital of Ganga Papers.

The filing states that Mr Sandeep Kanoria disposed of the shares to his brother Mr Sanjay Kanoria, and conversely, Mr Sanjay Kanoria acquired the same number of shares from his brother. Both disclosures were made in separate Form‑C letters addressed to the Listing Compliance Department of BSE and to the Board of Directors, as required under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

"I have disposed off 4,22,750 equity shares … being 3.92 % of the total paid up capital … by way of gift to my real brother Mr Sanjay Kanoria" – Sandeep Kanoria.

"I have acquired 4,22,750 equity shares … being 3.92 % of the total paid up capital … by way of gift from my real brother Mr Sandeep Kanoria" – Sanjay Kanoria.

Details of the share gift

• Number of shares: 422,750 equity shares were transferred in each direction.
• Percentage of capital: The shares represent 3.92 % of Ganga Papers’ total paid‑up capital.
• Nature of transaction: The shares were transferred as a gift, meaning no monetary consideration changed hands.
• Date of transaction: 29 June 2026.
• Promoter relationship: Both parties are brothers and part of the same promoter group, ensuring the transfer stays within the existing control structure.

The Form‑C letters were signed by the respective promoters and attached to a cover letter from the company’s Chief Financial Officer, Amit Chaudhary, confirming receipt of the disclosures and their submission to the stock exchange.

Regulatory filing and compliance

The disclosures were made under Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates that any promoter or promoter‑group member who acquires or disposes of shares must file a Form‑C within two working days of the transaction. The company complied by:

1. Receiving the Form‑C letters on 29 June 2026.
2. Submitting the copies to BSE on 30 June 2026.
3. Publishing the disclosures on its corporate website (https://www.gangapapers.in/).

No further approvals from the Board or shareholders are required for a gift transfer between promoters, as the transaction does not affect the overall shareholding pattern beyond a reshuffle within the same group.

Key facts at a glance

Why this matters for investors

The gift transfer does not dilute the company’s share capital because the shares remain within the promoter family. Consequently, the voting power and control dynamics of Ganga Papers are unchanged. However, the filing provides transparency about intra‑promoter share movements, which is a regulatory requirement aimed at preventing insider trading and ensuring that the market is aware of any potential shifts in share ownership.

For shareholders, the key implications are:

• No dilution: The total number of shares outstanding remains the same.
• Control remains stable: Both brothers belong to the same promoter group, so the overall control structure is unaffected.
• Regulatory compliance: The prompt filing demonstrates adherence to SEBI rules, reducing the risk of regulatory penalties.
• Disclosure visibility: The information is now publicly available on the company’s website and BSE portal, allowing investors to verify the transaction.

Conclusion

Ganga Papers India Ltd has complied with SEBI’s insider‑trading regulations by filing Form‑C disclosures for a gift transfer of 422,750 shares (3.92 % of capital) between promoter brothers Sanjay and Sandeep Kanoria on 29 June 2026. The transaction does not alter the company’s share capital or control structure, and the filing satisfies all statutory requirements. No further corporate actions or shareholder approvals are pending regarding this specific share movement.