PNC Infratech Limited has announced a proposed inter-se transfer of 1,96,08,000 equity shares (17.64% of total share capital) among members of the promoter group. The transfer will occur off-market, with shares moving from Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF to Meena Jain, Chakresh Kumar Jain, Madhavi Jain, and Ashita Jain. This transaction is being undertaken pursuant to the partition of the Transferors. The acquisition is proposed to take place on or after March 11, 2026. The acquirers have stated that the transfer price will be determined based on the volume-weighted average market price for the preceding 60 trading days, which was ₹234.80 on the NSE. The company has also submitted declarations regarding compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, including disclosures of no encumbrance on shares for the financial years ended March 31, 2023, 2024, and 2025. These declarations confirm that no encumbrance has been made on the promoter group's shares aggregating 14,18,41,000 (56.07%) equity shares as of March 31, 2025. Similar declarations were made for the financial years ending March 31, 2023, and March 31, 2024.
