The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Garima Venture Finance Ltd

Ownership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹6.58

prior close

₹6.64

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-0.5% vs market

Other Food Products peers, median of 20sector+0.1%-0.1% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.1 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

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15m

+0.2

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.5-0.5+0.1-0.1

Next day

+0.8+1.2-0.4+0.6+0.2

+1.4+0.9+0.4+0.8+0.6

+0.6+1.3-0.7-0.7+1.3

+21.3+0.6+20.7-0.3+21.6

+45.3+0.3+45.0-0.4+45.7

+37.8-1.1+39.0-1.0+38.9

15d

+35.3-2.6+37.9-3.0+38.2

+30.4-1.9+32.3-3.2+33.6

+24.6-1.0+25.6-3.0+27.7

+11.7-6.7+18.4-11.7+23.4

UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 20Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Garima Venture Finance Ltd, along with its person acting in concert (PAC) Mr. Dineshsingh Umashankarsingh Kshatriya, disclosed the sale of 4,00,000 equity shares of IEL Ltd via open market on BSE on 12th September 2025 under SEBI SAST Regulations 29(2). Garima's stake fell from 7.08% to 6.77%, while the PAC's 1.95% stake remained unchanged, bringing combined holding down from 9.03% to 8.72%. The filing clarifies that the acquirer does NOT belong to the promoter/promoter group of IEL Ltd. IEL Ltd's total equity capital stands at Rs. 13,03,92,486 divided into 13,03,92,486 equity shares of Re. 1 each.

Likely market impact

This is a non-promoter trimming position by a small financial investor, which usually carries limited negative signalling impact. The 0.31 percentage point combined drop is modest and unlikely to materially move the stock, though retail investors may note that a non-promoter shareholder holding near the 10% disclosure mark is reducing exposure.