The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kannan Krishnan Naiker & PACs
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Awaiting price reaction for this filing.
Kannan Krishnan Naiker, Promoter and Managing Director of Iconik Sports and Events Ltd, sold 2,02,989 equity shares (0.59% of equity capital) via open market on February 20 and 23, 2026. His personal holding dropped from 11,72,500 shares (3.46%) to 9,69,511 shares (2.86%). The combined promoter and PAC group holding reduced marginally from 10.66% (36,08,660 shares) to 10.07% (34,05,671 shares) of the company. This disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company's total equity capital remains unchanged at Rs. 33.84 crore (3,38,42,000 shares of Rs. 10 each).
A small open-market sale by the promoter/MD (less than 1% of equity) signals mild insider profit-taking but is unlikely to materially affect the stock price. Promoter/PAC group continues to hold over 10% of the company, indicating no significant change in promoter control or conviction.