Disclosure under SEBI (SAST) Regulations and SEBI (PIT) Regulations for sale of 3490 Equity Shares by Manju Choudhary on 29.09.2025
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Manju Choudhary, a member of the promoter group of Frontline Corporation Ltd, sold 3,490 equity shares via market transfer on 29 September 2025. Before the sale, she held 56,400 shares (1.13% of total equity); after the sale, her holding stands at 52,910 shares (1.06%). The total equity share capital of the company is Rs. 4,97,74,500, comprising 50,00,000 equity shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, and also references SEBI (Prohibition of Insider Trading) Regulations.
The sale is very small (0.07% of equity) and is unlikely to have any meaningful impact on the stock price or shareholder structure. It is a routine regulatory disclosure by a promoter-group member with a minor stake in a small-cap company.