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 30,00,000 equity shares (0.47%) of Kretto Syscon Ltd on the open market on 20 May 2025. After this sale, the HUF's holding dropped from 7,50,00,000 shares (11.96%) to 7,20,00,000 shares (11.49%) of the company. The disclosure is filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations for continuous disclosure of changes in shareholding. The total share capital of the company is 62,71,92,456 shares. The acquirer has clarified that they do not belong to the Promoter or Promoter Group of the company.
This is a small open-market sale (0.47%) by a non-promoter, large shareholder whose overall stake remains above 11%. It may have minor negative sentiment as a significant holder is trimming positions, but the size of the sale is too small to materially affect shareholding structure or stock price.