Disclosure Under Reg 29(2) of SAST and 7(2) of PIT for Sale of Shares .
Awaiting price reaction for this filing.
Jayesh V Valia (HUF), a promoter of Vas Infrastructure Ltd, sold 9,05,000 equity shares (5.98% of total share capital) in the open market on BSE on June 11, 2025, for a total traded value of approximately ₹55.19 lakh. Before the sale, the promoter held 9,24,442 shares (6.11%), which dropped to just 19,442 shares (0.13%) after the transaction. The disclosure was made under SEBI's SAST and Insider Trading regulations. Importantly, the company is currently under Corporate Insolvency Resolution Process (CIRP) with NCLT having appointed a Resolution Professional, and one director remains suspended.
The promoter has almost completely exited the company, retaining a negligible 0.13% stake. This is a significant negative signal for retail investors, especially given that the company is already under insolvency proceedings, suggesting the promoter is losing confidence or is forced to liquidate holdings.