The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devendra Shukla
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Devendra Shukla, a non-promoter shareholder of Yash Trading and Finance Limited (BSE: 512345), has sold his entire holding of 2,20,000 equity shares, representing 7.33% of the company's paid-up capital. The transaction was carried out off-market through a Share Purchase Agreement dated 09/04/2025, taking his post-transaction holding to zero. The shares are currently under a lock-in period that runs until 31/10/2025, so the actual transfer is subject to fulfilment of SEBI (SAST) and ICDR lock-in requirements. Shukla cited volatile conditions in the securities market as the reason for the sale. The total share capital of the company remained unchanged at 30,00,000 equity shares of Rs. 10 each.
A complete exit by a sizeable non-promoter shareholder can weigh on short-term sentiment, though the actual transfer is gated by the lock-in until October 2025. Retail investors should monitor the lock-in release timeline and any related disclosures from the buyer of these shares.