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, sold 3,50,000 equity shares (face value INR 10 each) through open market transactions on BSE on 26th August 2025. His holding dropped sharply from 5.97% (3,51,234 shares) to just 0.02% (1,234 shares), effectively selling off nearly his entire stake in the company. The total equity share capital of Heera Ispat stands at INR 5.88 crore, comprising 58,82,800 equity shares. The transaction was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
A near-complete promoter exit is a strongly negative signal for retail investors, indicating either a loss of confidence or urgent liquidity need by the promoter. Such large open market selling typically exerts heavy downward pressure on the stock price and raises corporate governance concerns.