The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varun Rasiklal Thakkar

Promoter Stake Sell 1pctPromoter Below 50pctOwnership 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

+4.8%Reaction day

₹4.76

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+1.0%+3.8% vs market

Other Textile Products peers, median of 178sector+0.5%+4.3% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.3 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8+1.0+3.8+0.5+4.3

Next day

+9.9+1.8+8.1+1.2+8.7

+15.3+3.0+12.3+2.3+13.0

+21.0+1.9+19.1+1.4+19.6

+26.9+2.7+24.2+1.5+25.4

+33.2+2.6+30.6+1.1+32.1

+32.8+3.8+28.9+1.9+30.8

15d

+29.2+5.7+23.5+1.0+28.2

+45.6+6.7+38.9+1.2+44.4

+29.2+9.6+19.6+3.3+25.9

+32.4+4.6+27.8-3.5+35.9

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 178Pending

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

AI summary

Varun Rasiklal Thakkar, Managing Director and Promoter of Gravity (India) Limited, sold 230,627 equity shares (2.5625% of total capital) in the open market on 13 May 2025. The disclosure was filed under SEBI SAST Regulation 29(2) and Insider Trading Regulation 7(2) read with 6(2). Post-sale, his holding dropped from 937,125 shares (10.4102%) to 706,498 shares (7.8477%). The total equity share capital of the company stands at 90,01,950 shares, listed on BSE.

Likely market impact

A promoter offloading over 2.5% in the open market is typically viewed as a negative signal by retail investors, as it may suggest reduced promoter confidence in near-term valuations. With holdings now at just 7.85%, the promoter's grip on the company has materially weakened, which could affect governance and future strategic decisions.