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Awaiting price reaction for this filing.
Mrs. Riya Vinit Agrawal, a non-promoter shareholder of Konndor Industries Ltd, sold 255,000 equity shares (4.62% of paid-up capital) through the open market on 20 May 2025. Her holding has reduced from 305,852 shares (5.54%) to just 50,852 shares (0.92%) of the company. The filing, made under SEBI's Takeover Regulations, confirms the seller does not belong to the promoter or promoter group. The company's total equity share capital remained unchanged at 55,18,200 shares before and after the transaction.
Since the seller is a non-promoter, this is a routine open-market divestment disclosure and is unlikely to have a material impact on the stock price. Shareholders should note that holding of a non-promoter entity has now dropped sharply from 5.54% to below the 1% mark.