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Awaiting price reaction for this filing.
Mr. Vinitkumar Pawankumar Agrawal, a non-promoter individual shareholder, sold 255,000 shares of Konndor Industries through open market on May 20, 2025. This reduced his holding from 5.26% (290,446 shares) to just 0.64% (35,446 shares) of the company. The total equity share capital of the company remains unchanged at 55,18,200 shares. The disclosure was filed because his holding crossed below the 5% substantial shareholder threshold under SEBI takeover rules. The filing is signed by Director Shashikant Thakar on May 23, 2025.
This is a non-promoter selling down a small position well below the 5% disclosure threshold, so it should have negligible impact on the stock price. The seller's remaining stake is minimal at 0.64%, suggesting he has largely exited the stock.