The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rigmairappa Investments Pvt Ltd
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.8 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rigmadirappa Investments Private Limited, part of the promoter group of Agribio Spirits Ltd (Scrip Code: 539546), has disclosed a sale of 25,000 equity shares (0.23% of paid-up capital) through open market on 20 August 2025 under Regulation 29(2) of SEBI (SAST) Regulations, 2011. Before the sale, the promoter group's total holding stood at 17.30% (15.46% in direct voting shares plus 1.84% encumbered shares); after the sale, the holding reduced to 17.07% (15.23% direct plus 1.84% encumbered). The encumbered portion remained unchanged at 2,00,000 shares (1.84%), indicating no pledge release or invocation. The transaction is small in size and does not cross any regulatory threshold.
This is a minor trimming (<0.25%) by a promoter-group entity and is unlikely to materially move the share price or alter control dynamics. Encumbered shares are unchanged at 1.84%, so there is no fresh pledge or release concern; investors may view this as routine portfolio rebalancing by the promoter group.