The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendra Singh
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Promoter Mr. Mahendra Singh has sold 4,88,000 equity shares of Mafia Trends Ltd in the open market between 19-11-2025 and 20-11-2025, as disclosed under SEBI Regulation 29(2) of the Takeover Code. His stake dropped from 33.47% (14,84,310 shares) to 22.47% (9,96,310 shares), a reduction of 11.01 percentage points. The total equity share capital of the company remains unchanged at 44,33,550 shares of Rs. 10 each. No encumbrance (pledge/lien) activity is involved in this transaction.
A promoter cutting stake by over 11% in the open market is usually a negative signal for retail investors, as it suggests reduced promoter confidence or an exit move. Shareholders should watch for further promoter sales or price weakness following this disclosure.