The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Hasmukhbhai Bhagdev
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Mr. Niraj Hasmukhbhai Bhagdev, a member of the promoter group of Jay Kailash Namkeen Limited (BSE SME, Scrip Code: 544160), sold 17,600 equity shares in the open market on 07/05/2025. Before the sale, he held 18,087 shares (0.36% of total share capital); after the sale, his holding is reduced to just 487 shares (0.009%). The disposal represents 0.35% of the company's total equity share capital of 49,96,933 shares. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The promoter has effectively exited nearly his entire stake in the company through this single open market trade.
A promoter has liquidated roughly 97% of his personal holding in the open market, which retail investors may read as a mild negative signal on promoter conviction. However, the transaction size is very small (0.35% of share capital) and unlikely to materially affect share price or overall promoter group control.