The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chanakya Prakash Mangal & PACs
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Chanakya Prakash Mangal, along with Persons Acting in Concert (Honey Mangal and Chandragupt Prakash Mangal), has disclosed a sale of 68,656 equity shares (0.60% of total share capital) of Hindprakash Industries Ltd on 31 July 2025 through open market. The seller's holding has reduced from 1,71,000 shares (1.50%) to 1,02,344 shares (0.90%) post the transaction. Importantly, the seller has confirmed that he does not belong to the promoter or promoter group of the company. The company's equity share capital remained unchanged at Rs. 11.42 crore (1.14 crore shares of Rs. 10 each). The shares are listed on both BSE and NSE, and no encumbrance (pledge/lien) was involved in the transaction.
This is a minor open-market disposal by a non-promoter shareholder, reducing a small personal stake from 1.50% to 0.90%. Since the seller is not part of the promoter group, this has negligible impact on promoter holding or overall control of the company. Retail investors are unlikely to see any meaningful effect on share price or company fundamentals from this transaction.