The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dharmeshkumar Rameshchandra Mistry
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Dharmeshkumar Rameshchandra Mistry, a promoter of Heera Ispat Limited, has sold 3,74,555 equity shares (face value Rs. 10) through an open market transaction on BSE on 20th August 2025. This represents 6.37% of the company's total share capital. His stake has reduced from 9,58,131 shares (16.29%) to 5,83,576 shares (9.92%). The total equity share capital of the company remains unchanged at 58,82,800 shares.
This is a significant promoter exit of over 6% in a single transaction, reducing the promoter's holding to under 10%. Retail investors should view this as a notable negative signal — large promoter selling often raises concerns about insider outlook on the stock's near-term prospects, though it may also simply reflect personal portfolio rebalancing.