The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhav Bansidhar Shriram & Others
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Mr. Rohan Shriram, part of the promoter group, sold 33,593 shares (0.04% of the company) through an off-market transaction on 13 March 2026. This was his entire holding in the company, bringing his personal stake to zero. The disclosure is filed under SEBI Takeover Regulations as part of a promoter group transaction. The overall promoter group continues to hold 50.11% (4,35,90,115 shares) of the company, just above the 50% mark. The off-market nature and small size suggest this is likely an inter-family reorganisation within the promoter group rather than a meaningful change in promoter control.
Minimal impact on shareholders — the sale is tiny (0.04%), off-market, and appears to be an internal promoter family transfer. Promoter group continues to hold over 50% of the company, so control remains unchanged. The stock price is unlikely to be materially affected.