The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Daxa Hasmukhbhai Bhagdev
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Daxa Hasmukhbhai Bhagdev, a member of the promoter group of Jay Kailash Namkeen Ltd, sold 17,600 equity shares in the open market through BSE's SME platform. The sale was carried out in two tranches — 4,800 shares on May 7, 2025 and 12,800 shares on May 8, 2025. Her holding dropped from 18,087 shares (0.36%) to just 487 shares (0.009%), meaning she sold nearly her entire stake in the company. The company's total share capital remains unchanged at 49,96,933 equity shares of Rs. 10 each.
Although the seller is part of the promoter group, the stake sold is very small (0.35% of total capital), so the impact on share price or promoter control is likely minimal. Retail investors should note this is a minor open-market exit by a single promoter family member and not a large-scale promoter offloading.