The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sagar Rajesh Jhaveri (HUF)
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Sagar Rajesh Jhaveri (HUF), a non-promoter shareholder of Kretto Syscon Limited, sold 33,86,144 shares (0.55% of total equity) through open market on May 26, 2025. This reduced their holding from 6,90,11,994 shares (11.01%) to 6,56,25,850 shares (10.46%) of the company. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations as the sale caused the holding to dip below the 10% significant shareholder threshold. The company's total equity share capital stands at 62,71,92,456 shares, unchanged before and after the transaction.
This is a modest reduction by a non-promoter public shareholder crossing below the 10% SAST threshold. The 0.55% trimmed stake is small in size and unlikely to materially impact the stock price or signal any material shift in shareholder sentiment.