The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jattashankar Poddar & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Promoter and Managing Director Jattashankar Poddar sold 5,16,533 equity shares (11.77%) of Jattashankar Industries Ltd through an off-market transaction on August 1, 2025. The shares were sold to KEVAL JAYANTI KHUDAI at Rs.60 per share, based on a purchase agreement dated December 20, 2024, after complying with the mandatory open offer requirement under Regulation 3(2) of SEBI SAST Regulations, 2011. Post-sale, Poddar's individual holding fell from 32.29% (14,21,100 shares) to 20.62% (9,04,567 shares). PACs (Sharad Poddar, Sharad Poddar HUF, Subhash Poddar HUF, Seema Sharad Poddar, Seema Jattashankar Poddar) continue to hold zero shares. The total equity capital of the company remains at 43,87,100 shares of Rs.10 face value, unchanged by this transfer.
This is a notable promoter stake reduction — cutting personal holding by over a third — which may raise governance questions or signal the promoter's gradual exit. However, since the sale was a structured off-market deal with a pre-agreed buyer and mandatory open offer compliance, it is unlikely to cause open-market price disruption. Shareholders should monitor whether further stake reductions or changes in promoter control follow.