IGC Pharma CEO Mukunda Ram Gifts 200,000 Shares

What Happened

• Mukunda Ram, CEO and director of IGC Pharma (IGC), reported two gift transactions on 2026-09-25, transferring 100,000 shares in each transaction (200,000 shares total). Each transfer was reported at $0.00 per share (code G — gift), so no cash proceeds were received. The filing indicates the recipients are the reporting person's two children who do not share his household (footnote F1).

Key Details

• Transaction date(s): 2026-09-25
• Transaction type/code: Gift (G)
• Shares transferred: 100,000 + 100,000 = 200,000 shares
• Price reported: $0.00 per share; total proceeds $0
• Filing date / Form 4 accession: Filed 2026-09-29 (report period 2026-09-25); this filing date is consistent with the standard Form 4 reporting timeframe
• Shares owned after transaction: Not specified in the provided filing
• Footnote: F1 — recipients are the reporting person’s two children who do not share his household

Context

• Gifts are transfers for estate planning or family reasons and do not necessarily reflect the insider’s view of the company’s near-term prospects. They are different from purchases (which can be considered a bullish signal) or open-market sales (often routine).