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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Awaiting price reaction for this filing.
Mahendra Singh, a promoter of Mafia Trends Ltd, sold 1,16,000 equity shares (about 2.61% of the company) through the open market between November 24 and November 25, 2025. Before the sale, he held 7,64,130 shares (17.24% stake), which dropped to 6,48,310 shares (14.62%) after the sale. The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations on November 26, 2025. The total share capital of the company remains at 44,33,550 equity shares of Rs. 10 each.
This is a notable promoter stake sale of over 2.6% in just two days, which may be viewed negatively by retail investors as it signals the promoter is reducing exposure. The selling price and any post-sale price movement should be watched closely.