Disclosure under Regulation 29(2) of SEBI (SAST) Regulations 2011.
Awaiting price reaction for this filing.
Westend Developers Limited, a public shareholder (not part of the promoter/promoter group), has sold 2,40,520 equity shares of Suryavanshi Spinning Mills Ltd, representing about 4.90% of the company's share capital. The transaction was carried out off-market on 26th June 2025. Following this disposal, Westend Developers' holding reduced from 4,81,000 shares (9.80%) to 2,40,480 shares (approximately 4.90%). The company has a total equity share capital of Rs. 4,90,85,760 divided into 49,08,576 equity shares of Rs. 10 each. The disclosure was filed with BSE on 28th June 2025 by the company's Managing Director, Rajender Kumar Agarwal.
Since the selling entity is a public shareholder and not part of the promoter group, this does not raise concerns about promoter-level stake changes. However, it signals a significant stake reduction by a non-promoter entity, which could create mild supply-side pressure on the stock. Retail investors should note that a 4.90% block changing hands off-market is a meaningful transaction for a small-cap textile company.