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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Awaiting price reaction for this filing.
Promoter Neel Narendrabhai Pujara of Jay Kailash Namkeen Limited sold 33,600 equity shares (0.67% of paid-up capital) in the open market on 27 May 2025. Post-sale, his holding came down to 20,37,631 shares (40.78%) from 20,71,231 shares (41.45%) earlier. The company is listed on the BSE SME platform with a total equity share capital of 49,96,933 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. This is a small, incremental sale by the promoter and not a major divestment.
This is a minor open-market sale of less than 1% by the promoter, so it should not materially shake investor confidence on its own. However, the promoter remains below the 50% majority mark at 40.78%, so continued selling could weaken control and warrants monitoring by shareholders.