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Awaiting price reaction for this filing.
Konndor Industries Ltd filed a SAST Regulation 29(2) disclosure on behalf of Riya Vinit Agrawal, a non-promoter shareholder, reporting an open market sale of 79,252 equity shares (1.44% of the company). The shares were sold in three tranches: 23,000 shares on April 18, 2025, 27,000 shares on April 25, 2025, and 29,252 shares on April 29, 2025. Her holding in Konndor Industries dropped from 12.05% (665,104 shares) to 10.62% (585,852 shares) after the transactions. The filing clarifies that the seller does not belong to the promoter or promoter group category, and total share capital of the company remains unchanged at 55,18,200 equity shares.
This is a routine stake reduction by a non-promoter, large individual shareholder; it does not affect promoter holding or company control. The seller still retains over 10% of the company, so the overhang from further sales remains a minor watchpoint but is not material to the stock.