The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajiv Govindram Agarwal
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Rajiv Govindram Agarwal, part of the Promoter/Promoter group (with PAC), has sold 9,50,000 equity shares of Mahip Industries Ltd (4.94% of total share capital) via an off-market transaction on 12 March 2026. His holding in the company has fallen from 1,01,05,136 shares (52.52%) to 91,55,136 shares (47.58%), taking it below the 50% majority threshold. The total share capital of the company remains unchanged at Rs. 19,23,99,840 (1,92,39,984 equity shares of Rs. 10 each). No encumbrance, warrants, or convertible instruments were involved in the transaction.
This is a notable negative signal — a promoter reducing stake by nearly 5% in a single off-market deal and falling below the 50% control mark could indicate reduced promoter confidence or a strategic exit. Shareholders should watch for further disclosures and any change in management control.