BSECandour Techtex LtdMediumNeutral
Announced Mon, 6 Oct · 17:29 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mangal Keshav Capital Ltd

Ownership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mangal Keshav Capital Ltd, a non-promoter entity, has sold 1,19,712 shares (0.64% of share capital) of Candour Techtex Limited in the open market on October 1 and October 6, 2025. This reduced its voting shareholding from 33,54,142 shares (17.88%) to 32,34,427 shares (17.24%). Including 4,00,000 encumbered shares, its total exposure declined from 20.01% to 19.37% of the company. The acquirer does not belong to the promoter or promoter group, and the equity capital of the company remained unchanged at Rs.18.75 crore (1,87,56,738 shares of Rs.10 each).

Likely market impact

This is a minor reduction in holding by a non-promoter institutional investor, with the stake dropping just below the 20% mark. It is unlikely to materially affect stock price or promoter control, though it slightly eases the large-holder concentration in the stock.