Pursuant to Regulation 7(2) of SEBI(Prohibition of Insider Trading) Regulations, 2015, we are enclosing the disclosure received by the Company from the member of Promoter Group of the Company ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kreon Finnancial Services has disclosed to BSE a transaction by Chandrakantha Tatia, Director of Opti Products Private Limited (a promoter group member). According to Form C data, the promoter group's equity holding rose from 55.60% (1,12,42,569 shares) to 60.53583% (1,22,40,692 shares), implying a purchase of 9,98,123 shares worth roughly Rs. 3.14 crore over June 3-4, 2026 on the BSE. Strikingly, the company's covering letter describes this as a 'sale of Equity Shares,' which directly contradicts the Form C numbers (which only add up correctly as a buy). Investors should seek clarification on this contradiction.
If confirmed as a purchase, this is a positive signal of promoter confidence, with promoter holding strengthening past 60%, reducing public float and signalling long-term commitment. However, the discrepancy between the cover letter (sale) and Form C (purchase) is a red flag requiring clarification before drawing conclusions.