The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeev Govindram Agarwal HUF

Promoter sold over 1%Ownership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.9%Next day

₹14.74

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-3.5%+5.4% vs market

Packaging peers, median of 62sector-2.9%+4.8% vs sector

By the next day the stock moved 5.4 pts more than Nifty Microcap 250 and 4.8 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+1.9-3.5+5.4-2.9+4.8

+3.9-1.6+5.5-0.9+4.9

—-2.2—-2.0—

+6.0-1.8+7.7-1.0+7.0

+8.1-1.5+9.6-1.3+9.3

+12.3-1.6+13.9-2.0+14.3

15d

+21.4-2.0+23.5-2.6+24.0

+33.5+0.7+32.8-0.8+34.4

+18.7-3.8+22.5-7.6+26.3

+38.7-9.8+48.5-11.5+50.3

UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 62Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.