The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Aatur Mehta & Niraalie Meynon
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Malavika Aatur Mehta and Niraalie Meynon (Persons Acting in Concert), who are not part of the promoter group, sold 4,79,894 equity shares (2.11%) of Expo Gas Containers Ltd in the open market on 19 May 2025. Their combined holding dropped from 23,61,136 shares (10.36%) to 18,81,242 shares (8.25%) of the company. The transaction was carried out on the Bombay Stock Exchange, and the company's total equity share capital remains unchanged at 2,27,96,400 shares of Rs. 4 each.
This is a non-promoter, open market sell-off that takes the acquirers' stake below the 10% disclosure threshold, which may signal reduced confidence from a sizeable shareholder but has no direct bearing on promoter control or company fundamentals.