Shardul Securities' promoter group members have executed a family settlement, leading to a significant share transfer.

Shriyam Commodities Intermediary LLP, a promoter group entity, is acquiring 1.83 Cr equity shares, representing 20.94% of the company's equity capital, from other promoter group members at INR 65 per share.

These selling members will subsequently be reclassified to the 'public' category.

This internal realignment does not affect the company's management or control, nor does it impose any new restrictions or liabilities on the company.

This move simplifies the shareholding structure within the promoter family.