The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asma Farooqi
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Asma Farooqi, a member of the promoter group of K&R Rail Engineering, sold 12,23,087 shares through an off-market transaction on 24 September 2025. The shares represent 4.29% of the company's total equity share capital of 2,85,09,644 shares. Her holding dropped sharply from 15,23,087 shares (5.34%) before the sale to just 3,00,000 shares (1.05%) after the sale. The disclosure was filed under SEBI Takeover Regulations (Regulation 29(2)) as well as Insider Trading Regulations.
A promoter selling a large chunk (over 4%) of their stake in a single off-market transaction may raise concern among retail investors about insider confidence or signal an exit by a family member. Off-market deals could also be related to private estate planning or transfers within the promoter family, which is not uncommon, so the exact nature of the buyer will be important to watch.