The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sri Saradha Logistics Pvt Ltd
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Sri Saradha Logistics Pvt Ltd (formerly Trishul Investments), part of the promoter group of India Cements Capital Ltd, has sold 53,72,000 equity shares (24.75% of paid-up capital) through an open market sale on BSE on June 18, 2025. Before this transaction, the promoter held 1,62,58,590 shares (74.90%), and after the sale, the holding stands at 1,08,86,590 shares (50.15%). The company has 2,17,06,200 equity shares of Rs. 10 each as total share capital. This is a substantial promoter trimming, bringing promoter ownership just barely above the 50% threshold.
The promoter continues to retain majority control but with a very thin margin (50.15%), which means further small sales could push it below the controlling-promoter threshold and trigger SEBI takeover code implications. Short-term stock price may face pressure from a large open-market block sale of this size.