The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashadevi Goenka
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On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Ashadevi Goenka disclosed a change in her shareholding in Kamadgiri Fashion Limited via open market trade on 10th March 2026. Although the subject line mentions 'acquisition', the numbers clearly show a sale: she offloaded 60,294 shares (1.03% of the company) in the open market. Her holding dropped from 1,14,294 shares (1.95%) to 54,000 shares (0.92%). The total share capital of the company stands at 58,69,371 equity shares of Rs. 10 each (Rs. 5.87 crore). This is a promoter-group member reducing her stake, though the size of the company and the small absolute number of shares traded means the financial impact is limited.
A promoter selling shares in the open market is generally viewed as a mildly negative signal by retail investors, as it may suggest the insider sees limited near-term upside or is raising personal funds. However, small-scale promoter sell-offs for personal reasons are routine and this sale of ~1% by one promoter is unlikely to move the stock price meaningfully on its own.