The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Atul Garg
GRMOVER · price
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Awaiting price reaction for this filing.
Mr. Atul Garg, Managing Director and part of the promoter group of GRM Overseas Ltd, sold 10,00,000 equity shares (face value Rs. 2) on September 25, 2025 through an open market or block deal. This represents 1.63% of the company's total share capital and 1.45% of the fully diluted share capital. Before the sale, his combined holding with PACs (Mrs. Mamta Garg and Mr. Hukam Chand Garg) stood at 4,46,66,984 shares (72.80% of total / 64.67% of diluted). After the sale, the holding has come down to 4,36,66,984 shares (71.17% of total / 63.22% of diluted). The total equity share capital of the company remains unchanged at Rs. 12,27,04,000.
A modest promoter stake reduction of about 1.63% in the open market, which retail investors generally view as a mildly negative signal. However, promoter control remains very strong at 71.17% post-sale, so the impact on the stock price is likely limited unless further selling follows.