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Awaiting price reaction for this filing.
Mr. Vinitkumar Pawankumar Agrawal, who is not part of the promoter/promoter group, sold 330,000 equity shares (5.98%) of Konndor Industries Ltd through open market transactions between May 14 and May 16, 2025. His holding in the company dropped from 620,446 shares (11.24%) to 290,446 shares (5.26%). The total equity share capital of the company remained unchanged at 55,18,200 shares. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which is mandatory when an acquirer's shareholding crosses certain thresholds in either direction.
This is a non-promoter reducing his stake to roughly half of his previous holding, which may indicate a loss of confidence or simply portfolio rebalancing. Since the seller is not classified as a promoter, this does not directly affect promoter holding, but it does reduce overall promoter-group-adjacent shareholding concentration in the stock and may create mild short-term supply pressure.