Submission of Disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) 2015 Regulation 2015
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Awaiting price reaction for this filing.
Four members of the Promoter Group of Jattashankar Industries Ltd have collectively sold 3,41,700 equity shares (~7.79% of the company) through off-market transactions on July 22, 2025. The sellers are Subhash Poddar HUF (47,500 shares for Rs 28.5 lakh), Seema Jattashankar Poddar (1,85,300 shares for Rs 1.11 crore), Seema Sharad Poddar (1,06,900 shares for Rs 64.14 lakh), and Sharad Poddar HUF (2,000 shares for Rs 1.2 lakh). All four entities have reduced their holdings from between 0.05% and 4.22% down to 0.00%, meaning they have completely exited their stake. The total deal value is approximately Rs 2.05 crore, and the disclosures were filed on July 24, 2025.
A coordinated complete exit by four Promoter Group entities is a significant negative signal for retail investors, as it indicates the promoter family is fully stepping out of the company. This could weigh on the stock price and raise concerns about future governance and strategic direction.