Disclosure under Regulation 7(2) read with Regulation 6(2) Continual Disclosure of SEBI (Prohibition of Insider Trading) Regulations, 2015
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Gravity (India) Limited disclosed that promoter Mr. Samir Rasiklal Thakkar sold 100,000 equity shares (1.1109% of total capital) on 28 April 2025 through an on-market transaction valued at approximately Rs. 4.60 lakh. Following this sale, his stake in the company reduced from 2.0925% (188,368 shares) to 0.9817% (88,368 shares). The disclosure was filed under SEBI's insider trading regulations (Regulation 7(2) read with 6(2)).
This is a notable reduction by a promoter, bringing his individual holding below 1%. While the sale value is small in absolute terms, the proportional cut — over half of his previous stake — may be viewed negatively by retail investors as it signals reduced promoter confidence, though the overall promoter group holding remains unaffected.