The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shapoorji Pallonji & Company Pvt Ltd
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Promoter Shapoorji Pallonji and Company Private Limited sold 14,70,000 equity shares of Forbes Precision Tools and Machine Parts Ltd on 29th April 2025 through a market sale. The promoter holding reduced from 3,74,37,172 shares (72.56%) to 3,59,67,172 shares (69.71%), a decline of 2.85% of the total share capital. The sale was carried out in the open market, and the company's total equity share capital remains unchanged at INR 51.59 crore divided into 5,15,94,464 shares of Re. 10 each. This is a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
The promoter has trimmed its stake by nearly 3% but still retains a comfortable majority at 69.71%, so control of the company is not at risk. The open-market sale could create some short-term selling pressure on the stock, but the impact may be limited given the company's relatively small float and the promoter's continued strong holding.