The disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
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ISF Ltd has filed a Regulation 29(2) disclosure covering three off-market share sales that took place on January 22, 2026. Nitin Sabharwal sold 20,19,478 shares (2.13%), bringing his holding from 6.03% to 3.90%. Anil Kumar Verma sold 22,07,906 shares (2.32%), dropping from 3.90% to 1.58%. Shweta Arora sold her entire 15,00,000 shares (1.58%), exiting to NIL. All three sellers are classified as non-promoters, none of the shares are encumbered (no pledge), and the total shares sold amount to 57,27,384 shares, or roughly 6.03% of the company's equity capital of ₹9.5 crore (9.5 crore shares of ₹1 each). The disclosure was submitted by Kamal Kant Dang, the immediate relative of the CEO, on January 24, 2026.
This is a block off-market sale by non-promoter individuals, not a promoter or institutional move, so direct impact on promoter stability is limited. The filings only cross the 5% disclosure threshold because the three sales combined exceed it; individually, each seller has either reduced or exited their position. Shareholders should note the change in shareholder base but there is no indication of a control change or promoter stake reduction.