The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investment Pvt Ltd
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Counter Cyclical Investments Private Limited, acting as a Portfolio Manager through its clients, has disclosed a sale (disposal) of 15,000 equity shares of Evans Electric Ltd on the open market on 27 May 2026. This represents 0.27% of the company's total share capital. The acquirer's holding has reduced from 308,000 shares (5.61%) to 293,000 shares (5.34%) post-disposal. The acquirer is not part of the promoter/promoter group, and the total equity share capital of the company remains 54,88,000 shares. This is a routine SAST disclosure triggered because the entity's holding crossed/retains above the 5% disclosure threshold.
This is a small, open-market sell-off by a non-promoter portfolio investor and is unlikely to materially impact the stock price. The selling entity remains a sizeable public shareholder at over 5%, so its ongoing activity may be worth tracking if further disposals follow.