The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Azura Projects Pvt Ltd
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Azura Projects Private Limited, a non-promoter entity, has sold 5,90,000 equity shares (3.90% of the total share capital) of Ekansh Concepts Limited in the open market. The shares were sold in three tranches — 2,95,000 on September 25, 2025, 2,20,000 on September 26, 2025, and 75,000 on September 29, 2025. As a result, Azura Projects' holding has reduced from 10,02,853 shares (6.63%) to 4,12,853 shares (2.73%). The disclosure was filed under SEBI's substantial acquisition and takeover regulations. Azura Projects is not part of the promoter or promoter group of the company.
A non-promoter shareholder has materially reduced its stake from 6.63% to 2.73%, exiting nearly 4% of the company in just a few sessions. While the seller is not a promoter, the open-market sale of this size may create short-term selling pressure and could weigh on the stock price.