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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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.7 pts less 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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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.