Pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011, please find enclosed herewith the collective disclosures received from Ms. Aveen Kaur Sood for change in her promoter shareholding ....
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Managing Director and promoter Ms. Aveen Kaur Sood sold a total of approximately 11.84 lakh shares (about 10.4% of the company's equity) through a series of open market sales between May 19, 2025 and June 16, 2025. Her stake dropped from 62.19% (70,54,565 shares) to 51.76% (58,70,902 shares) over this period. The sales were spread across four disclosure periods with daily tranches ranging from a few thousand to over 1.6 lakh shares. Total equity share capital remained unchanged at 1,13,43,752 shares, indicating no new issuance during this period.
A sustained, large-scale promoter selloff reducing the promoter stake from 62% to just above the 51% threshold signals potential loss of majority control and may weigh negatively on investor sentiment. The pace of selling suggests the promoter is heading toward crossing below the 50% mark, which could trigger further re-rating concerns and possible overhang on the stock.