The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varshaben Akshay Mehta
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Promoter Varshaben Akshay Mehta has disclosed the sale of 4,30,000 equity shares (2.86% of total share capital) of Bhakti Gems And Jewellery Limited between September 12 and September 19, 2025, through open market and off-market transactions. Her shareholding in the company dropped from 22,16,495 shares (14.74%) to 17,86,495 shares (11.88%). The shares carry a face value of Rs. 10 each, and the company's total equity share capital remains at 1,50,39,518 shares. This is a routine SEBI SAST disclosure filed to report the promoter's stake reduction.
The sale reduces the promoter's stake by nearly 3%, which is a meaningful reduction in promoter holding but not a controlling stake change. Retail investors may view this as a mildly negative signal as promoter selling can indicate reduced insider confidence, though the motive (personal liquidity, portfolio rebalancing) is not disclosed.