Disclosures under Reg. 29(2) of SEBI (SAST) Reg received from Mr. Shalin Sheth and Mrs. Rejal Sheth Promoters of the Company
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Awaiting price reaction for this filing.
Promoters Mr. Shalin Sheth and Mrs. Rejal Sheth have filed disclosures under SEBI SAST Regulation 29(2) for selling shares in the open market on June 10-11, 2025. Mr. Shalin Sheth sold 1,00,000 shares (0.93%), reducing his voting holding from 52.68% to 51.75%. Mrs. Rejal Sheth sold 1,00,000 shares (0.93%), reducing her holding from 15.93% to 15.00%. Combined, the promoter group sold 2,00,000 shares (~1.85% of equity capital). The company's total equity share capital remains unchanged at 1,08,25,707 shares. Both sellers continue to hold 1,00,000 encumbered shares each besides their reduced voting holdings.
Modest promoter trimming may raise mild caution among retail investors, but the scale is small and both promoters retain significant stakes, with Shalin Sheth still above the 50% control threshold. No immediate impact on share price is expected from this routine regulatory disclosure, though continued promoter selling in future filings would warrant closer watch.