The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kamla Business Ventures Pvt Ltd
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Awaiting price reaction for this filing.
Kamla Business Ventures Pvt Ltd, part of the promoter group of Ganon Products Ltd, sold 2,50,000 equity shares (2.68% of total share capital) through the open market on 10 December 2025 under SEBI SAST Regulation 29(2). Before the sale, the entity held 23,56,000 shares (25.25%); after the sale, its holding stands at 21,06,000 shares (22.57%). No encumbrance (pledge/lien) details are involved in this transaction. The disclosure confirms this is a promoter-group entity selling shares, reducing its ownership in Ganon Products.
This is a promoter-group stake sale of more than 2% in a single day, which is typically viewed negatively by retail investors as it signals reduced promoter confidence. Even though the promoter group still holds 22.57% (well below the 50% majority mark), continued selling could pressure the stock price and weaken promoter control further.