The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayant Dwarkanath
INTENTECH · price
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Awaiting price reaction for this filing.
Jayant Dwarkanath, a whole-time director of Intense Technologies Limited (explicitly identified as not part of the promoter/promoter group), sold 3,17,708 equity shares (1.35% of the company's share capital) in the open market on September 23, 2025. His holding in the company dropped from 12,95,635 shares (5.51%) to 9,77,927 shares (4.16%) after the sale. The transaction was carried out on both BSE and NSE, where the company's shares are listed. This filing is a disclosure under SEBI's takeover regulations, submitted by a non-promoter director.
The sale reduces a whole-time director's stake below the 5% mark, which may be viewed as a mild negative signal by some retail investors, but since the seller is not a promoter, it does not raise concerns about promoter confidence or control of the company.