GVP Infotech Limited has informed the Exchange regarding 'Sale of Rights entitlements by promoter to achieve MPS'.
GVPTECH · price
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Awaiting price reaction for this filing.
GVP Infotech's promoter, Mr. Dhaval Jitendrakumar Mistry (Trustee of Linkstar Trust), has sold 3,50,000 Rights Entitlements out of a total 1,84,14,706 through the open market on July 14, 2025. This is being done to comply with SEBI's Minimum Public Shareholding (MPS) norms. The promoter currently holds 86.98% of the company and needs to bring public shareholding up to 25% by September 6, 2025, as mandated under SEBI rules. The remaining 1,80,64,706 Rights Entitlements will be sold in tranches in the open market until the last trading date. The company had earlier undergone Corporate Insolvency Resolution Process (CIRP), and shares were re-listed on September 6, 2022, which triggered the MPS compliance timeline.
This is a positive step toward MPS compliance and may ease supply pressure on the stock. However, the large overhang of remaining Rights Entitlements (nearly 1.81 crore) being sold gradually could weigh on the stock in the near term. Retail investors should watch for further tranches and the eventual reduction in promoter holding toward the 75% level.