The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayeshbhai Kishorbhai Kalavadia
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Jayeshbhai Kishorbhai Kalavadia, a member of the promoter group of Galaxy Agrico Exports Ltd, has filed a disclosure under Regulation 29(2) of the SEBI Takeover Regulations reporting the sale of his entire holding in the company. He sold 1,02,509 equity shares (representing 0.59% of the total share capital) on 24th March 2026, bringing his post-sale holding to 0%. The company's total equity share capital stands at 1,74,92,626 shares of Rs. 10 each. With this transaction, the promoter has fully exited his direct stake in the company, though other promoter-group members may continue to hold shares.
This is a complete exit by one promoter, though the stake sold is small (0.59%) and unlikely to materially affect the stock price. Retail investors may view it as a mild negative signal given the promoter group's reduced skin in the game, but the low quantum limits the broader impact.