Announced Fri, 25 Jul · 10:46 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jigar Sheth

Promoter Below 50pctOwnership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Promoter Jigar Vinodbhai Sheth has sold 25,500 equity shares of Gconnect Logitech and Supply Chain Ltd on 23 July 2025 through the open market. The sale represents 0.69% of the company's total share/voting capital. His holding reduced from 10,19,547 shares (27.41%) to 9,94,047 shares (26.72%). The total equity share capital of the company stands at 3,71,95,470 shares, unchanged by this transaction. This is a routine SAST disclosure filed under Regulation 29(2) for changes in promoter shareholding.

Likely market impact

This is a small, incremental open-market sale by an individual promoter, trimming his stake from 27.41% to 26.72%. It reflects modest profit-booking or rebalancing rather than any meaningful shift in promoter control, and is unlikely to materially affect the stock price or shareholder sentiment.