The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sri Salasar Suppliers Pvt Ltd
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On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 1.0 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sri Salasar Suppliers Pvt Ltd, a non-promoter entity, has disclosed the sale of 1,08,374 equity shares (3.10% of total equity) of Decillion Finance Ltd through open market on BSE. This transaction reduced their holding from 2,43,307 shares (6.95%) to 1,34,933 shares (3.86%), taking them below the 5% disclosure threshold. The shares were actually sold between November 14 and November 22, 2022, but the disclosure was filed only on September 26, 2025 — a delay of nearly three years. The company confirmed it is not part of the promoter or promoter group of Decillion Finance.
Since the seller is not a promoter, the direct impact on share price is limited. However, a non-promoter entity reducing its stake from 6.95% to 3.86% signals reduced confidence from a significant holder, and the unusually late disclosure may raise minor governance concerns.