The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Seshagiri Rao Jasti
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Awaiting price reaction for this filing.
Promoter and Managing Director Seshagiri Rao Jasti transferred 2,50,000 equity shares of Keerthi Industries Limited to Mr. Chetan Anand Buradagunta as a gift on May 21, 2025, with the disclosure filed on May 22, 2025. This represents 3.11% of the company's total share capital. As a result, Jasti's holding fell from 33,31,559 shares (41.55%) to 30,81,559 shares (38.44%). The total share capital of the company remains unchanged at 80,16,738 equity shares. The transfer was made off-market as a gift, not through any open-market sale.
Since this is an off-market gift rather than a market sale, there is no direct price impact, but the promoter's stake has dropped further below the 50% majority threshold to 38.44%, slightly weakening direct promoter control. Investors may want to check whether the recipient is part of the promoter group or a related party, as that would change the interpretation.