Disclosure Under Reg 29(2) of SAST and Reg 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 25,000 equity shares (0.17% of paid-up capital) on June 3, 2025 through open market on BSE for a trade value of ₹1,91,165. Post-sale, the promoter's holding reduced from 9,54,442 shares (6.30%) to 9,29,442 shares (6.13%). The company is currently under Corporate Insolvency Resolution Process (CIRP) with NCLT having appointed Mr. Ashok Kumar Golechha as Resolution Professional. The disclosure is filed under SEBI SAST Regulation 29(2) and PIT Regulation 7(2). The company's letter was signed by the 'Suspended Director' Dhrupchand Ramdhar Varma, reflecting the insolvency-driven governance status.
The promoter stake sale is small (only 0.17% reduction) and unlikely to materially impact stock price, though it adds to promoter exiting sentiment in a company already under insolvency proceedings. Shareholders should monitor further disclosures, as the company is under CIRP and any promoter divestment during this phase is notable.