The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tikam Sujan
INTENTECH · price
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Mr. Tikam Sujan, Promoter and Director of Intense Technologies Ltd, sold 2,57,958 equity shares (1.1% of total share capital, 1.06% of diluted share capital) in the open market. The sale was executed in two tranches: 1,44,139 shares on October 29, 2025 and 1,13,819 shares on October 30, 2025. His holding in the company dropped from 9.48% (22,37,642 shares) to 8.38% (19,79,684 shares) as a result. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, 2011, which is triggered when a promoter buys or sells more than 1% of shares. No encumbrance or pledge details were involved in this transaction.
This is a moderate promoter exit — a 1.1% reduction in a key promoter's stake may be viewed negatively by retail investors as it could signal reduced promoter confidence. However, the sale size is relatively small, and the promoter still holds 8.38% of the company. Short-term stock price pressure is possible.