Submission of Disclosure U/r 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015
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Jattashankar Poddar, Promoter and Managing Director of Jattashankar Industries Ltd, sold 516,533 equity shares of the company on August 1, 2025, through an off-market transaction on BSE. The sale was valued at approximately Rs. 3.10 crore and reduced his shareholding from 32.39% (1,421,100 shares) to 20.62% (904,567 shares), a drop of about 11.77 percentage points. The disclosure was filed under SEBI's Insider Trading Regulations (Form C, Regulation 7(2)). No derivative trades were reported. Despite the stake sale, Poddar remains the largest promoter of the company.
A significant promoter stake cut of nearly 12 percentage points in a single off-market deal may raise concerns among retail investors about the promoter's confidence in the stock. With his holding now at 20.62%, any further offloading could weaken the promoter group's control. Shareholders should monitor for additional disclosures and track post-deal price action closely.