Please find the attached disclosure under Regulation 7(2) of SEBI (PIT) Regulation 2015 received from Promoter Group
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Azamabad Tea Co Pvt Ltd, a member of the Promoter Group of Indong Tea Company Ltd, has disclosed the sale of 1,72,000 equity shares between June 23 and June 27, 2025, through on-market transactions. Before the sale, the entity held 3,31,579 shares (1.71% of the company); after the sale, it holds 1,59,579 shares (0.82%). The disclosure was filed under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, in the prescribed Form C. The company secretary has forwarded this disclosure to BSE for record purposes.
This is a mild negative signal for retail investors, as a promoter-group entity has reduced its stake by nearly half, cutting its holding from 1.71% to 0.82% of the company. The sale was carried out through open market transactions, which means ordinary shareholders were on the other side of these trades.