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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Promoter Sarvesh Manmohan Agrawal has disclosed the sale of 10,54,932 Rights Entitlements of Annvrridhhi Ventures Ltd through an on-market transaction on 16th May 2025. Before the transaction, the promoter held 50,80,532 equity shares (31.36%) plus 1,01,61,064 Rights Entitlements, taking his total economic exposure to 31.36% of the company's share/voting capital. After selling the entitlements, his effective total holding drops to 1,41,86,664 units, representing 29.19% of the post-rights issue paid-up capital. The equity shareholding remains unchanged at 31.36%; only the rights entitlement component was monetized. The transaction was carried out under Regulation 29(2) of SEBI's Takeover Regulations, 2011.
The promoter is trimming his notional stake by selling rights entitlements worth 3.26% of the company's capital, reducing his total exposure from 31.36% to 29.19%. While still well above the 26% creeping acquisition floor, retail investors should note the promoter's decision to monetize entitlements rather than subscribe, which could be read as a mild signal of reduced confidence or a simple liquidity event.