The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Pravin Thakkar
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Vishal Pravin Thakkar, a promoter of Indian Link Chain Manufacturers Ltd, has sold his entire holding of 1,50,242 shares (5.62% of total share capital and 1.88% of fully diluted capital) through open market transactions on 04-11-2025. The disclosure under SEBI SAST Regulation 29(2) shows his holding went from 5.62% to 0%, representing a complete exit by this promoter. The equity share capital figure appears to have also changed significantly — likely due to a separate capital restructuring involving convertible warrants and fresh equity issuance, increasing total shares to 26,75,000 with a diluted capital of 79,75,000 shares including 53,00,000 convertible warrants.
A complete exit by a promoter is a negative signal for retail investors, often interpreted as a lack of confidence from insider ownership. Shareholders should monitor post-sale price action and any related corporate actions carefully, as a promoter fully exiting removes skin-in-the-game alignment.