Kanohar Electricals’ 97% promoter stake is held in trust

Kanohar Electricals’ 97.00% promoter stake is held by K Sons Family Trust, not by the individual promoters or directors in their personal names. K Sons owns 72,203,991 equity shares, while all six individual promoters and all eight directors are disclosed with nil direct holdings as of the Draft Red Herring Prospectus date.

Who holds Kanohar Electricals’ 97% promoter stake?

K Sons is the sole disclosed holder of Kanohar Electricals’ 97.00% promoter stake. The trust holds 72,203,991 equity shares of face value Rs 2 each, and is also identified as the promoter selling shareholder in the Offer. Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal each hold nil shares directly.

The reported split is complete rather than incremental: K Sons accounts for all promoter shares shown in the promoter table, while the six named individuals account for none. Kanohar Electricals identifies seven promoters, comprising the six individuals and K Sons, meaning legal ownership of the promoter block sits with one trust rather than with the individual members of the promoter family.

The pre-Offer measure matters because it is the disclosed percentage before the transaction. The source does not provide a post-Offer shareholding figure in this section, but identifies K Sons as the selling shareholder, making the trust's holding the relevant starting point for assessing any later ownership change.

How is K Sons structured and managed?

K Sons is a private, irrevocable and specific trust formed on March 17, 2017 under a registered Master Family Trust Deed and the Indian Trust Act, 1882. Dinesh Singhal is the settlor, or person who established the trust, and its principal office is in Meerut, Uttar Pradesh. Its stated purposes include succession planning, preservation of family wealth, family maintenance and lifestyle needs, and philanthropy determined by its board of trustees.

The six individual promoters are also the trustees of K Sons: Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal. The trust deed provides that the trust properties are controlled and managed by these trustees. Therefore, the six promoters administer the trust that holds 97.00% of Kanohar Electricals’ pre-Offer equity without holding those shares directly in their own names.

The beneficiary group is wider than the six current trustees. It includes Dinesh Singhal, Adesh Singhal, Brijesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal, as well as qualifying natural lineal descendants of trustees and persons added under the trust deed. The disclosed exclusions cover children of female lineal descendants, while female lineal descendants cease to be beneficiaries after the last day of the financial year in which they marry.

Do Kanohar Electricals directors own shares directly?

No Kanohar Electricals director held equity shares directly as of the Draft Red Herring Prospectus date. That disclosure covers all eight directors, including Chairman and Managing Director Dinesh Singhal, Whole-time Directors Adesh Singhal, Vivek Singhal and Abhishek Singhal, and four independent directors. The Articles of Association do not require directors to own qualification shares.

The four executive directors combine operating roles with trustee roles, but not direct equity ownership. Dinesh Singhal has been a director since June 14, 1976, Adesh Singhal since April 1, 1981, and Vivek Singhal and Abhishek Singhal since January 1, 2014. Each is an individual promoter and a K Sons trustee, connecting board management to administration of the promoter trust.

Kanohar Electricals separately states that executive directors are interested in the company through their trustee capacity in K Sons and through their shareholding in Kanohar International Private Limited, a promoter-group member that holds equity shares. It also identifies remuneration, expense reimbursements and certain related contracts or arrangements as potential interests. These disclosures do not alter the separate statement that every director's direct Kanohar Electricals holding is nil.

What has changed in the trust and promoter classification?

K Sons has had one disclosed trustee change since its March 2017 formation: Brijesh Singhal resigned from the board of trustees on November 26, 2025 for personal reasons. Kanohar Electricals says there has otherwise been no change in control of K Sons since formation. Brijesh Singhal remains named among the trust’s beneficiaries, but is not included in the six trustees disclosed after his resignation.

Kanohar Electricals changed its promoter classification on November 27, 2025. A board resolution identified Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal, Aditya Singhal and K Sons as promoters under the Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations, or SEBI ICDR Regulations. Before that resolution, Kanohar International Private Limited and Brijesh Singhal were also identified as promoters.

The classification update separates the current promoter list from the broader family and entity network described as the promoter group. K Sons remains the only promoter shown with shares in the promoter-holding table, at 72,203,991 shares and 97.00%, despite the November 2025 change in the identified promoter set.

What governance arrangements apply to the concentrated stake?

Kanohar Electricals reports an eight-member board with one Chairman and Managing Director, three Whole-time Directors and four independent directors, including one woman independent director. The company states that the board complies with the Companies Act, 2013 and the Securities and Exchange Board of India Listing Regulations. Sangeeta Khorana, Anil Bhardwaj, Ashok Kumar Goel and Ram Kumar Chugh were appointed as independent directors on July 3, 2025.

The Audit Committee was reconstituted on November 27, 2025 and comprises Ashok Kumar Goel and Anil Bhardwaj as independent directors, alongside Whole-time Director Abhishek Singhal. It must meet at least four times each financial year, with no more than 120 days between two meetings. Its stated remit includes financial reporting, related-party transactions, internal financial controls and review of the use of issue proceeds.

The Nomination and Remuneration Committee has three independent directors, while the Stakeholders Relationship Committee includes Ram Kumar Chugh, Vivek Singhal and Abhishek Singhal. The Risk Management Committee includes Adesh Singhal, Anil Bhardwaj and Abhishek Singhal. These committee arrangements set out oversight responsibilities, but the source does not state that they change K Sons’ registered 97.00% promoter holding.

Conclusion

Kanohar Electricals’ disclosures show that its promoter ownership is concentrated in K Sons: the trust holds all 72,203,991 promoter shares reported, equal to 97.00% of pre-Offer paid-up equity capital. The six individual promoters, including four executive directors, have no direct shares, but all six serve as trustees managing the trust property under the March 2017 trust deed.

The next ownership disclosure to watch is the Offer outcome because K Sons is the promoter selling shareholder. Kanohar Electricals’ IPO Committee, constituted on September 3, 2025, is authorised to take actions on the offer for sale, including recording the number of shares offered by the promoter selling shareholder; a final offer document or later shareholding filing would show any resulting change in the trust’s stake.