The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurav Jindal
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Mr. Gaurav Jindal, a promoter of Krishna Ventures Ltd, has sold 76,826 shares (0.71% of the company's equity) in the open market. His holding fell from 2,72,839 shares (2.53%) to 1,96,013 shares (1.81%). The company noted that the promoter did not share the exact date of sale, and this disclosure is being filed based on Benpos data as of 31st March 2025. The disclosure has been made under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company's total equity capital remains unchanged at 1,08,00,000 shares of Rs. 10 each.
A promoter trimming stake in the open market can be viewed negatively by the market as it may signal reduced confidence, though the quantum here (under 1% in this transaction) is relatively small. The fact that the disclosure is being filed because the promoter himself did not provide the information points to a compliance lapse, which investors should watch closely.