Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011

Promoter sold over 1%Ownership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.7%Reaction day

₹4.61

prior close

₹4.54

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+3.8% vs market

Other Textile Products peers, median of 169sector-0.3%+3.9% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+3.7-0.1+3.8-0.3+3.9

Next day

+0.7+1.4-0.7+0.0+0.7

-3.3-1.3-2.0-1.8-1.5

-3.5-0.0-3.4-1.3-2.2

+0.7-0.9+1.5-1.3+2.0

+3.9-1.0+4.9-1.8+5.7

+1.7+5.3-3.5+0.8+0.9

15d

+44.3+10.5+33.8+4.0+40.2

+22.3+12.2+10.1+3.6+18.7

+22.6+15.4+7.2+6.1+16.5

+34.9+13.1+21.9+2.2+32.8

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 169Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Samir Thakkar, identified as a promoter of Gravity (India) Limited, has sold 88,368 equity shares representing about 0.98% of the company's total share capital (2,001,950 shares) through open market on April 29, 2025. Before the sale, he held 0.9817% of the company, and after the sale his holding stands at 0%, meaning he has completely exited his stake in the company. The disclosure has been made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction has been reported to BSE on April 30, 2025.

Likely market impact

This is a complete exit by promoter Mr. Samir Thakkar, which may raise governance concerns among retail investors about the promoter's confidence in the company. However, the stake sold is small (under 1%), so the direct price impact is likely limited.