The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajaz Farooqi
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Ajaz Farooqi, a promoter of K&R Rail Engineering Limited, has sold 13,06,826 equity shares (4.58% of total share capital) in an off-market transaction on 19 September 2025. Before the sale, he held 41,38,355 shares (14.52%); after the sale, his holding has come down to 28,31,529 shares (9.93%). The disclosure has been filed under Regulation 29(2) of SEBI Takeover Regulations and Regulation 7(2) read with Regulation 6(2) of SEBI Insider Trading Regulations. Total equity share capital of the company remains 2,85,09,644 shares.
Promoter stake has nearly halved from 14.52% to 9.93%, which is a significant insider sell-off that retail investors typically view as a negative sentiment signal about the stock's near-term prospects, though the off-market nature may suggest a private deal rather than a public dumping.