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, sold 20,00,000 shares (0.32%) of Kretto Syscon Limited through the open market on May 27, 2025. Their holding dropped from 10.46% (6.56 crore shares) to 10.14% (6.36 crore shares) post-sale. The company has a total equity share capital of 62,71,92,456 shares. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, which mandates reporting of any change in shareholding exceeding 2% of a company's capital.
Since the seller is not part of the promoter group and only 0.32% of equity changed hands, this is a routine portfolio rebalancing by a non-promoter large holder with minimal impact on stock price or shareholder structure.