Please find the attached Intimation under SEBI (PIT) Regulations for sale of shares by Mr. Nadir Dhrolia
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Mr. Nadir Dhrolia has sold his entire stake in Lykis Limited. Prior to the transaction, he held 1,30,14,966 equity shares representing 67.17% of the company's paid-up capital. The sale was executed in two parts — via an off-market transfer and through an open offer on BSE Limited — on May 25–26, 2026. The transaction was conducted at a price of €19.01 per share pursuant to a Share Purchase Agreement dated December 18, 2025. This is a Form C continual disclosure filed under SEBI (PIT) Regulations, 2015 (Regulation 7 read with Regulation 6(2)). The filing indicates Mr. Dhrolia has ceased to hold any shares post-disposal, representing a complete promoter exit.
A full promoter exit of 67.17% is a strongly negative signal for retail investors, as it indicates loss of insider confidence in the company's prospects. The off-market component alongside an open offer suggests a structured sale, possibly to a new promoter or acquirer, which could lead to a change in management or control.