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), part of the promoter group of Vas Infrastructure Ltd, sold 19,000 equity shares in the open market on BSE on June 12, 2025, for a total traded value of approximately ₹1.22 lakh. Prior to the sale, the HUF held 19,442 shares (0.13% of the company's equity capital), and after the transaction it is left with just 442 shares (0.00%). The company is currently under Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, with Mr. Ashok Kumar Golechha appointed as the Resolution Professional. The filing was made under SEBI's Takeover Regulations and Insider Trading Regulations for continuous disclosure.
This is a near-complete exit by the promoter HUF entity, but the holding was already negligible (0.13%) so it has minimal impact on overall promoter control or stock price. The fact that the company is under CIRP means this is a distressed asset; shareholders should note the insolvency backdrop before making any decisions.