The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarvesh Manmohan Agrawal
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Sarvesh Manmohan Agrawal sold 10,54,932 Rights Entitlements (3.26% on a diluted basis) through an on-market transaction on May 16, 2025. His actual equity shareholding remains unchanged at 50,80,532 shares (31.36% of voting capital), but his Rights Entitlements dropped from 1,01,61,064 to 91,06,132. As a result, his total effective holding on a fully diluted post-rights basis declined from 31.36% to 29.19%. This filing relates to the company's ongoing rights issue, where the promoter monetized a portion of entitlements instead of subscribing to additional shares.
Mildly negative signal — the promoter trimmed his effective economic interest by selling rights entitlements rather than subscribing in full, signaling limited appetite to support the rights issue. Voting control is unchanged at 31.36%, so governance implications are minimal, but retail investors should watch for follow-through subscription or further stake changes.