The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Avinash Sethi
INFOBEAN · price
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Awaiting price reaction for this filing.
Avinash Sethi, part of the promoter group of InfoBeans Technologies Ltd, has transferred 81,000 equity shares as a gift (donation without consideration) on 13th February 2026. His holding in the company dropped from 5,960,350 shares (24.58%) to 5,879,350 shares (24.25%) of the total voting capital. The company's total equity share capital remains unchanged at 2,42,39,860 shares of Rs. 10 each. Since this was a gift rather than a market sale, no cash consideration changed hands and the shares moved out of the promoter group.
This is a minor reduction (just 0.33%) in promoter holding through a private gift, not a market sale, so it should not pressure the stock price. However, shareholders should note that the promoter group's effective stake continues to decline gradually, reinforcing that promoter ownership in InfoBeans remains well below majority control.