The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akshay Sevantilal Mehta
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 3.2 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Akshay Sevantilal Mehta has sold 26,43,500 equity shares of Bhakti Gems and Jewellery Limited, amounting to 17.58% of the company's total share capital. The sale was carried out through both open market and off-market routes between August 22 and August 26, 2025. As a result, his holding has come down from 48.41% (72,80,452 shares) to 30.83% (46,36,952 shares). The disclosure also names other promoter group members Meet Prafulchandra Mehta and Varshaben Akshay Mehta. The company's total equity share capital is 1,50,39,518 shares of Rs. 10 each.
A massive 17.58% promoter stake sale in just a few days is a negative signal and may weigh on stock sentiment due to concerns over promoter confidence and the possibility of further selling. Promoter holding has now fallen below the 50% mark, reducing their control over the company.