The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Minal Sanghvi
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Minal Jinesh Sanghvi, a promoter group member of Galaxy Agrico Exports Ltd, has filed a disclosure under SAST Regulation 29(2) for a transaction executed on 30 March 2026. Before the transaction, the acquirer held 74,955 shares carrying voting rights, representing 0.42% of the company's total share capital of 1,74,92,626 equity shares. Notably, all 74,955 shares (100% of the holding) were reported as encumbered (pledged). After the transaction, the acquirer's holding reduced to 0 shares (0.00%), indicating a complete exit from the company. The mode of acquisition/sale is listed as 'NA' with no specific acquisition or sale reported in the disposal columns.
This filing indicates a complete exit by a promoter group member, reducing their stake from 0.42% to zero. While the percentage is small, any promoter exit can signal lack of confidence in the company, particularly given that the entire holding was pledged before being disposed of.