The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devansh Trademart LLP & PACs
FLUOROCHEM · price
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On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.5 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Devansh Trademart LLP, part of the promoter group of Gujarat Fluorochemicals, sold 13,00,000 equity shares (1.18% of paid-up capital) through open market on 17th September 2025. Combined holding of Devansh Trademart LLP along with its PACs (including Inox Leasing and Finance Ltd and promoter family members) reduced from 53,12,360 shares (4.83%) to 40,12,360 shares (3.65%). The sale was executed through the stock exchange mechanism. No encumbrance or pledge is involved in this transaction. The disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations, 2011.
This is a minor promoter group trimming of stake by a single LLP entity, not the entire promoter group. The sale of just over 1% by one promoter-group vehicle is routine portfolio rebalancing and unlikely to materially impact shareholder confidence or stock price. Investors should note that the overall promoter holding may still be significantly higher as this disclosure covers only one LLP and its PACs.