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Consequent to his demise, 21,43,638 equity shares held by him were transmitted in favour of the joint holder, Mrs Rina Pritish Nandy, who is also a Promoter of the Company. Pursuant to the aforesaid transmission, the shareholding of Mrs Rina Pritish Nandy increased from 6,25,000 equity shares (4.32% of the total equity share capital) to 27,68,638 equity shares (19.14% of the total equity share capital). Further, the number of Promoters has reduced consequent to the demise of Mr Pritish Nandy. The change in shareholding and percentage holding is solely on account of transmission and does not constitute a purchase or sale of shares. 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