Submission of Disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015
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Jattashankar Industries filed two Form C disclosures under SEBI Insider Trading Regulations reporting an off-market share transfer. Promoter and Director Sharad Poddar sold 8,83,467 equity shares at approximately Rs. 60 per share, reducing his stake from 32.37% (14,20,100 shares) to 12.23% (5,36,633 shares). Concurrently, Director Vishal Prakashbhai Ashara purchased 7,00,000 equity shares at the same price (~Rs. 60/share), taking his holding from 0% to 15.96%. The combined transaction value is roughly Rs. 9.5 crores, executed off-market on July 29, 2025, with intimation made on July 30-31, 2025.
This appears to be a private reshuffle of ownership between an existing promoter and a director rather than an open-market exit. The promoter's stake has dropped sharply by about 20 percentage points, which shareholders should monitor for any further reduction or change in promoter group composition. The director's new 15.96% holding puts him close to regulatory takeover thresholds, which may attract additional disclosure obligations going forward.