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, a Promoter and Director of Intense Technologies Limited, has sold 5,50,000 equity shares through open market transactions on November 25 and November 26, 2025 (3,00,000 shares on Nov 25 and 2,50,000 shares on Nov 26). His holding reduced from 18,79,684 shares (7.95% of total equity capital) to 13,29,684 shares (5.62%). This represents a 2.33% reduction in promoter stake. The total equity share capital of the company remains at 2,36,24,449 shares of Rs. 2 each. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, which is mandatory when promoter holdings change by more than 2% in a financial year.
Promoter selling shares in the open market is typically viewed as a cautious signal by retail investors, as it may indicate reduced insider confidence. The stake reduction from 7.95% to 5.62% could create short-term negative sentiment on the stock, though he still retains meaningful promoter interest.