The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kurjibhai Rupareliya
AQYLON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.1 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Kurjibhai Premjibhai Rupareliya sold 50,88,883 shares (2% stake) of Aqylon Nexus Ltd in the open market on May 7, 2026. Before the sale, he held 10,78,15,762 shares carrying voting rights (42.49%) plus 2,90,00,000 encumbered shares (11.43%), totaling 13,68,15,762 shares (53.92%). After the sale, his holding reduced to 10,27,26,879 shares (40.49%) plus the same encumbered shares, bringing total holding to 13,17,26,879 (51.92%). The person confirmed belonging to the Promoter/Promoter group.
A promoter reducing stake by 2% in the open market could signal lack of confidence or portfolio rebalancing. While remaining above 50% (51.92%), the effective voting rights in freely tradeable shares dropped below the psychological 50% mark to 40.49%, which may concern some investors.