The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neel Narendrabhai Pujara
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Neel Narendrabhai Pujara, part of the promoter group of Jay Kailash Namkeen Limited, has sold 2,01,600 equity shares in the open market across three trading days — 64,000 shares on May 26, 2025, 78,400 shares on May 28, 2025, and 59,200 shares on May 29, 2025. This represents a 4.035% reduction in his stake, bringing his holding down from 20,37,631 shares (40.78%) to 18,36,031 shares (36.74%) of the company's voting capital. The total share capital of the company remains unchanged at 49,96,933 equity shares of Rs. 10 each.
A promoter offloading over 4% of his stake in the open market over just four trading days is a notable negative signal, often interpreted by retail investors as a lack of confidence from the insider. This could create short-term downward pressure on the stock price and warrants close monitoring for further promoter selling.