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.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.5 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.