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