The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurang R Shah HUF & PACs
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Gaurang R Shah HUF and Mrs. Bhaviniben Gaurang Shah (both part of the Promoter Group) sold a total of 1,79,210 equity shares (1.74% of total share capital) in open market transactions on May 5-6, 2026. Gaurang R Shah HUF sold all 94,866 shares (0.92%) it held on May 5, 2026, completely exiting its position. Mrs. Bhaviniben Gaurang Shah sold 84,344 shares (12,344 on May 5 and 72,000 on May 6), reducing her holding from 8.60% to 7.78%. As a result, the total Promoter Group holding decreased from 61.39% to 59.64%. Mr. Gaurang Rameshchandra Shah's individual holding remains unchanged at 50.26% (51,66,135 shares).
This is a significant promoter-level selling activity, reducing the promoter group's total stake by 1.74 percentage points. While the main promoter (Gaurang R Shah) still holds just above 50%, the complete exit by the HUF and partial sale by a family member may signal caution among insiders. This level of promoter selling could create negative sentiment for retail investors.