The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Kumar Goel & PACs
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Mr. Rakesh Kumar Goel, along with persons acting in concert (Gaurav Goel, Saurabh Goel, Harsh Gupta), sold 40,000 equity shares of Delta Industrial Resources Ltd through an open market transaction on August 7, 2025. This represented their entire holding of 0.74% of the company's share capital (based on 53,93,000 total equity shares). After the sale, the promoter group's holding has dropped to 0%, effectively exiting the company completely. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, 2011.
This is a significant negative signal for retail investors — the promoter group has fully exited the company, leaving zero promoter ownership. Such complete promoter exits often raise concerns about future governance, investor confidence, and can exert downward pressure on the stock price.