We wish to inform you that Balaji Raghavan (Seller 1) alongwith Manojshankar Tripathi (Seller 2) and Nitish Nagori (Seller 3), one of the Promoter of the Company pursuant to its letter ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Three promoters of Ironwood Education Ltd — Balaji Raghavan, Manojshankar Tripathi, and Nitish Nagori — collectively sold 1,46,977 equity shares (face value Rs. 10 each), representing 1.64% of the company's total equity share capital. The sale was executed on November 4 and November 6, 2025, via BSE's designated OFS (Offer for Sale) window in line with SEBI's January 2023 OFS framework. As a result, promoter and promoter group shareholding in the company declined from 76.64% to 75.00% of total equity capital. With this reduction, the company's public shareholding has reached the mandatory 25% minimum threshold required under SCRR rules 19(2)(b) and 19A and Regulation 38 of the Listing Regulations.
This is a routine regulatory-compliance event rather than a negative signal — promoters trimmed a small stake via the formal OFS route, improving public float and trading liquidity. The stock is unlikely to see pressure from this disclosure since the sale occurred through the structured OFS mechanism on November 4 and 6, well before today's intimation.