The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeev Govindram Agarwal HUF
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Rajeev Govindram Agrawal (HUF), part of the promoter group of Mahip Industries Ltd, sold 2,00,000 equity shares (1.037% of total share capital) through open market transactions spread across December 2, 3, and 4, 2025. The HUF's holding in the company dropped from 21,99,960 shares (11.43%) to 19,99,960 shares (10.39%). The shares are listed on the BSE SME platform. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
Promoter group selling more than 1% of equity in the open market is generally viewed as a cautious signal by retail investors, though the sale is small in absolute size. The promoter stake remains above 10% post-sale, so no major change in control is implied.