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

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

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-3.8%Reaction day

₹4.79

prior close

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announcement price

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timing

Nifty Microcap 250market · in no size index; the smallest one is used+4.6%-8.4% vs market

Other Textile Products peers, median of 170sector+3.2%-7.0% vs sector

On the reaction day the stock moved 8.4 pts less than Nifty Microcap 250 and 7.0 pts less 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

StockMarketvs marketSectorvs sector

Reaction day

-3.8+4.6-8.4+3.2-7.0

Next day

-2.1+6.3-8.4+4.2-6.3

-0.6+8.1-8.7+5.2-5.8

+4.2+9.1-5.0+5.7-1.5

+9.2+10.0-0.8+6.3+2.8

+14.6+11.3+3.3+7.3+7.3

+26.1+11.0+15.1+6.2+19.9

15d

+17.7+13.3+4.4+7.1+10.7

+44.9+15.3+29.6+8.5+36.4

+28.6+17.0+11.6+8.6+20.0

+33.8+11.4+22.4+1.8+32.0

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 170Pending

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

AI summary

Ms. Dakshaben Rasiklal Thakkar, a promoter of Gravity (India) Limited, sold 121,336 equity shares (1.3479% of total capital) on 8 May 2025 through the open market. Her holding fell from 871,751 shares (9.6840%) to 750,415 shares (8.3361%) after the sale. The disclosure was filed under SEBI's Takeover Regulations. Total share capital of the company remains unchanged at 90,01,950 shares.

Likely market impact

Promoter trimming stake by over 1% in a single transaction may be viewed negatively by retail investors as it signals reduced promoter confidence, though the sale was via open market and the promoter still holds above 8% in the company.