The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjay Patel
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Galaxy Agrico Exports Ltd promoter Sanjay Jayantilal Patel has disclosed the sale of 1,50,000 equity shares, representing 1.85% of the company's total share and voting capital. The disposal was carried out on 27 March 2026 and was reported to BSE (Scrip Code: 531911) under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The company's total equity share capital remains 1,14,92,626 shares of Rs. 10 each, with no change in the overall share base. This is a disclosure of a share disposal, not an acquisition, by a member of the promoter group.
This is a modest reduction in promoter holding of 1.85%, which retail investors should monitor. Promoter selling, especially through off-market or on-market transactions, can signal a change in promoter's confidence or a need to raise funds, though the size here is relatively small. Watch for further disclosures to track any continued reduction in promoter stake.