The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manas Ranjan Palo
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Awaiting price reaction for this filing.
Manas Ranjan Palo, a non-promoter shareholder of Yash Trading and Finance Limited (BSE: 512345), has sold his entire holding of 2,50,000 equity shares (8.33% of total share capital) through an off-market Share Purchase Agreement dated 9 April 2025. After this transaction, his holding in the company stands reduced to zero. The company's total equity share capital remains 30,00,000 shares of Rs. 10 face value (Rs. 3 crore). The seller noted that the shares are presently under lock-in until 31 October 2025, and the transfer will be completed subject to SEBI SAST and ICDR Regulations. He cited volatile securities market conditions as the reason for selling.
This is a complete exit by a non-promoter shareholder via off-market deal — not an open-market sale — so it should not directly pressure the stock price. However, a locked-in stake of 8.33% being sold off-market before the lock-in expiry is noteworthy and warrants watching for the identity of the buyer once disclosed.