The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mamta Garg & Others
GRMOVER · price
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Mrs. Mamta Garg, a promoter of GRM Overseas Ltd, sold 6,25,000 equity shares on September 25, 2025, through an open market/block deal, representing 1.02% of the company's total share capital (0.90% on a diluted basis). This is a disclosure filed under Regulation 29(2) of SEBI's Takeover Regulations, triggered because the sale exceeds the 1% reporting threshold. Before the sale, the promoter group's combined holding stood at 4,36,66,984 shares (71.17%); after the sale, it has come down to 4,30,41,984 shares (70.15%). The equity share capital of the company remains unchanged at Rs. 12,27,04,000.
The promoter group continues to hold a strong majority stake of 70.15%, so the sale does not pose any risk to management control. However, a promoter selling shares in the open market is generally viewed as a mild negative signal by retail investors and could put short-term pressure on the stock price.