The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Usha C P
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Mrs. Usha CP, who is not part of the promoter/promoter group of Kitex Garments Ltd, has disclosed a sale of 57,76,573 equity shares (2.90% of the company's share capital) through an off-market transaction on 15-09-2025. Her holding in Kitex Garments has reduced from 90,11,573 shares (4.52%) before the sale to 32,35,000 shares (1.62%) after the sale. The disclosure was filed with the exchanges on 17-10-2025 under Regulation 29(2) of the SEBI Takeover Regulations. Since the buyer/seller identity and price are not disclosed in this filing, the exact nature of the off-market transfer is not clear.
This is a non-promoter shareholder reducing her stake through an off-market deal, which is largely neutral for retail shareholders. The share price may see some movement only if the identity of the buyer becomes known, but the promoter group's holding in Kitex Garments remains unaffected by this transaction.