The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaimin Jagdishbhai Shah
DEVIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Three members of the promoter group of Dev Information Technology sold a combined 50,88,000 shares (9.03% of total share capital) in the open market on 2 March 2026. The sellers were Jaimin Jagdishbhai Shah (sold 29.64 lakh shares), Kruti Pranav Panday (sold 6.24 lakh shares), and Pranav Niranjan Pandya (sold 15.00 lakh shares). As a result, the promoter group's combined holding dropped from 20.06% to 11.02% of the company. The disclosure was filed under SEBI SAST Regulation 29(2) on 5 March 2026. The company's total share capital remains unchanged at 11,26,70,464 equity shares of Rs. 2 each.
A sharp 9 percentage point cut in promoter holding in a single day is a negative signal for retail investors, as it points to meaningful promoter divestment and could weigh on the stock price in the short term. Investors should watch for further disclosures to see if this is a one-off portfolio reshuffle or the start of a continued exit.