The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jattashankar Poddar & PACs
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Promoter and Managing Director Jattashankar Poddar, along with PACs (Sharad Poddar, Sharad Poddar HUF, Subhash Poddar HUF, Seema Sharad Poddar, Seema Jattashankar Poddar), sold 404,567 shares of Jattashankar Industries Ltd via off-market route to non-promoter buyer Tarun Kumar Gunvantlal Patel at Rs. 60 per share. The transaction, dated August 4, 2025, was executed under a Purchase Agreement originally dated December 20, 2024, after complying with the mandatory open offer requirement under Regulation 3(2) of SEBI SAST Regulations, 2011. Post-sale, the promoter group's holding dropped from 904,567 shares (20.62%) to 500,000 shares (11.40%) — effectively cutting the promoter stake nearly in half. The company's total equity share capital remained unchanged at 43,87,100 shares of Rs. 10 each.
Significant reduction in promoter ownership from 20.62% to 11.40% — a roughly 45% drop in promoter's relative stake — may be viewed negatively by retail investors as a signal of reduced promoter skin-in-the-game, though the sale was pre-arranged (Purchase Agreement from Dec 2024) and open offer compliances were completed.