The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jigar Shah
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Awaiting price reaction for this filing.
Promoter Jigar Vinodbhai Sheth sold 40,500 equity shares of Gconnect Logitech and Supply Chain Ltd in the open market on June 20, 2025, representing 1.09% of the company's total share capital. Following this sale, his individual holding declined from 10,85,547 shares (29.18%) to 10,45,047 shares (28.10%). The company's total equity share capital remains unchanged at 3,71,95,470 shares. This is a routine SAST disclosure filed under Regulation 29(2) to report the promoter group's reduced voting shareholding.
The promoter stake has slightly reduced from 29.18% to 28.10%, though promoter control is not at risk. Open market selling by a promoter can be viewed negatively as a mild bearish signal, but the size (just over 1%) is small and unlikely to materially affect the stock price.