The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahesh Agrawal
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Mahesh Agrawal, a promoter of GTV Engineering Ltd, sold 5,50,000 equity shares in the open market on 20 October 2025, representing 1.17% of the company's total share capital. His stake fell from 1,72,00,215 shares (36.70%) to 1,66,50,215 shares (35.53%). The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The total equity capital of the company remains unchanged at 46,85,8320 shares of Rs 2 each.
Promoter stake reduction of over 1% in the open market may be viewed negatively by retail investors, as it could signal liquidity needs or waning promoter conviction. The promoter holding remains well below 50%, meaning there is no change in control, but further sales should be monitored closely.