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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Chirayu Agrawal, a promoter of Annvrridhhi Ventures Ltd, sold 2,49,600 equity shares (1.54% of total equity) through an open market transaction on 13th August 2025. Before the sale, he held 35,48,042 shares (21.90%); after the sale, his holding dropped to 32,98,442 shares (20.36%). The transaction was disclosed under Regulation 29(2) of the SEBI Takeover Regulations, which requires promoters to report any change in holding exceeding 2% in a financial year (this sale is part of such cumulative disclosures). The shares were sold on the open market, not via a block deal or preferential route.
A promoter trimming stake by 1.54% on the open market can be mildly negative for sentiment, as it signals reduced promoter confidence or a need for liquidity. However, the promoter still retains over 20% of the company, so control of the firm is unaffected. Retail investors should monitor for further promoter sales to gauge intent.