Announced Wed, 1 Apr · 10:13 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hiten Mehta & Meeta Mehta

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+13.2%1-day move

₹49.35

prior close

₹52.40

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+13.2+13.5+9.1+18.3+29.6+26.5+21.2+31.6+43.9+41.6

Up moveDown movePending

AI summary

Two promoter group members - Hiten Ramniklal Mehta and Meeta Hiten Mehta - sold shares via off-market gift transfer on March 28, 2026. Hiten Mehta reduced his holding from 2.14% (10,00,000 shares) to 1.74% (8,11,478 shares), selling 1,88,522 shares. Meeta Mehta reduced her holding from 1.07% (5,00,000 shares) to 0.87% (4,05,739 shares), selling 94,261 shares. Combined, the promoter group reduced their stake from 3.21% to 2.61%, selling a total of 2,82,783 shares representing 0.60% of total capital. The transfer was via off-market gift, indicating an inter-family transfer rather than open market selling.

Likely market impact

The combined promoter holding now stands at 2.61%, a modest reduction. The gift transfer structure suggests no immediate capital outflow from the company. However, the reduction in promoter skin-in-the-game may signal reduced commitment to the stock, though the low absolute percentages indicate these are likely minor family settlements.