The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chirayu Agrawal
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Awaiting price reaction for this filing.
Promoter Chirayu Agrawal sold 14,09,611 Rights Entitlements (4.35% of voting capital) through an open market transaction on 21st May 2025 under SEBI SAST Regulation 29(2). His direct shareholding remained unchanged at 41,56,798 shares (25.66% of voting capital). Rights Entitlements held reduced from 22,59,709 (6.97%) to 8,50,098 (2.62%) post-disposal. Combined holding (shares plus entitlements) declined from 13.20% to 10.30% on a fully-subscribed post-rights capital basis. Total equity capital of the company stands at Rs. 16.20 crore divided into 1.62 crore equity shares of Rs. 10 each.
Promoter monetized a portion of rights entitlements rather than subscribing fully, which may be read as a mildly negative sentiment signal regarding near-term stake expansion plans. Direct equity stake is unchanged, so the dilution of potential holding is the main takeaway for shareholders.