The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurang R Shah HUF & Others
KOTYARK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gaurang R Shah HUF, a member of the promoter group of Kotyark Industries Ltd, sold 2,00,000 equity shares (1.95% of total share capital) through an open market transaction on March 12, 2026. The promoter group's aggregate holding declined from 66.88% (64,22,222 shares) to 64.91% (62,22,222 shares) post-transaction. The individual HUF's holding fell from 6.11% (6,39,100 shares) to 4.41% (4,39,100 shares). The sale was carried out on both BSE and NSE.
Although this is a promoter-group sale exceeding 1% of share capital, the promoter group continues to hold a dominant ~65% stake, so there is no threat to management control. Such open-market sales by promoter family entities can sometimes be interpreted as mild negative sentiment, but given the promoter still retains majority ownership, the long-term impact on the stock is likely limited.