Pursuant to Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulation, 2015 (PIT Regulations), we are enclosing herewith the disclosures received by the Company under Regulation 7(2)(a) of PIT Regulations, from the Promoter of the Company, in Form C in respect to sale of Equity Shares of the Company.
ASKAUTOLTD · price
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ASK Automotive has submitted a disclosure to the stock exchanges under SEBI's Prohibition of Insider Trading Regulations, received from its Promoter in Form C. The disclosure pertains to the sale of equity shares of the company by the promoter. The filing is made in compliance with Regulation 7(2)(b), which requires the company to inform exchanges when it receives such disclosures from insiders. The actual quantum of shares sold and the resulting change in promoter holding would be detailed in the attached Form C.
This is a routine insider trading compliance filing and signals that the promoter has trimmed some stake in the company. Shareholders should check the attached Form C for the exact number of shares sold and the post-sale promoter holding to gauge the scale of the sale.