Intimation for completion of offer for sale of shares by DSK Shareholders Trust and achievement of Minimum Public Shareholding pursuant to Resolution plan and rule 19(2)(b) and 19A of the ....
Awaiting price reaction for this filing.
DSK Shareholders Trust, a non-promoter entity, sold 5,00,000 equity shares (5% of total share capital) via an Offer for Sale on December 5 and December 8, 2025. The sale was executed through the designated OFS windows on BSE and NSE under SEBI's comprehensive OFS framework. With this sale, public shareholding in the company reached 5%, satisfying the minimum public shareholding requirement under Rules 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957. The OFS was carried out as part of the resolution plan approved by NCLT Mumbai on June 23, 2023, following the company's insolvency proceedings.
The company has now achieved the mandated minimum public shareholding compliance, a key regulatory milestone arising from its resolution plan. This removes a compliance overhang and may support continued trading on the exchanges, though the extremely low public float (just 5%) means liquidity will remain thin for retail investors.