The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Daksha Rasiklal Thakkar
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On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.4 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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Daksha Rasiklal Thakkar, a promoter of Gravity India Limited, sold 1,19,805 equity shares (face value Rs. 10) in the open market on 21 August 2025, representing 1.3309% of the company's total share capital. The disclosure was filed under SEBI's SAST Regulation 29(2) to the BSE. After the sale, the promoter's holding has gone down to zero, meaning a complete exit from the company. The total share capital of Gravity India Limited remains Rs. 9,00,19,500 (90,01,950 shares of Rs. 10 each), unchanged by the transaction itself.
This is a notable negative signal — a promoter has completely exited their position rather than just trimming it, which may raise concerns among retail investors about insider confidence. The stock could see short-term weakness or negative sentiment, though the small size of the stake (1.33%) limits the broader market impact.