Ind-Swift Labs: Transmission of 2.32 Lakh Shares Completed for Late Neera Mehta's Heirs
Ind-Swift Laboratories Limited has announced the completion of the transmission of 2,32,057 equity shares. These shares were pending credit due to regulatory approvals related to the amalgamation of I...
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Why is Ind-Swift Laboratories Limited in the news today?
Ind-Swift Laboratories Limited (INDSWFTLAB) is in the news due to the announcement is a routine regulatory filing regarding the completion of share transmission for the legal heirs of a promoter, following an amalgamation. it does not contain any new business developments or financial performance indicators that would significantly alter the company's outlook.
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Ind-Swift Labs: Transmission of 2.32 Lakh Shares Completed for Late Neera Mehta's Heirs
December 17, 2025, 02:25 PM
Ind-Swift Laboratories Limited has announced the completion of the transmission of 2,32,057 equity shares. These shares were pending credit due to regulatory approvals related to the amalgamation of Ind-Swift Limited with Ind-Swift Laboratories Limited.
The shares have now been credited and transmitted to the joint demat account of the legal heirs of the late Mrs. Neera Mehta. The transmission was carried out in reliance upon the exemption available under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The legal heirs are Mr. Rishav Mehta, Ms. Ishav Mehta, and Mr. Daksh Mehta. Following this transmission, the entire shareholding of the late Mrs. Neera Mehta has been fully transferred. There is no change in the aggregate shareholding of the Promoters and Promoter Group of the Company as a result of this transmission.
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