The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neel Narendrabhai Pujara

Promoter holding below 50%Ownership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+20.0%Next day

₹55.50

prior close

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announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+18.6% vs market

Packaged Foods peers, median of 32sector-0.3%+20.3% vs sector

By the next day the stock moved 18.6 pts more than Nifty Microcap 250 and 20.3 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

—-0.1—-0.5—

Next day

+20.0+1.4+18.6-0.3+20.3

+31.4-1.3+32.6-1.6+33.0

+18.0-0.0+18.0-1.9+19.9

+17.1-0.9+18.0-2.1+19.2

+16.8-1.0+17.7-3.7+20.5

+15.5+5.3+10.2+0.3+15.2

15d

+13.2+10.5+2.7+2.4+10.8

+34.2+12.2+22.0+3.9+30.4

+8.1+15.4-7.3+6.8+1.3

—+13.1—+6.5—

UpDownMarket · Nifty Microcap 250Sector · Packaged Foods peers, median of 32Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Neel Narendrabhai Pujara, Chairman cum Managing Director and part of the promoter group, sold 25,600 equity shares (0.51% of total capital) of Jay Kailash Namkeen Ltd on 29 April 2025 through open market. Before the sale, he held 23,72,031 shares (47.47%), which has now reduced to 23,46,431 shares (46.95%). The company has 49,96,933 total equity shares of Rs. 10 each and is listed on the BSE SME platform.

Likely market impact

Promoter stake has slipped below the 50% mark, reducing promoter's shareholding to 46.95%. While the sale size itself is small, the crossing below the majority threshold is noteworthy and may raise governance concerns among retail investors.