The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nagalaxmi Raman Balasubramanian
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Nagalaxmi Raman Balasubramanian, a member of the promoter/promoter group of Gautam Exim Ltd, has sold her entire holding of 7,19,505 equity shares, equal to 23.36% of the company's paid-up capital. The transaction was carried out off-market on 30 May 2025, bringing her holding down from 23.36% to 0%. The company is listed on the BSE-SME platform with a total equity capital of Rs. 3.08 crore (30.81 lakh shares of Rs. 10 each). The disposal was disclosed under Regulation 29(2) of the SEBI Takeover Regulations.
A complete promoter exit of over 23% in a single off-market deal is a significant negative signal for retail investors, often raising concerns about promoter confidence, governance, and future price stability, especially on the SME platform.