Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
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Virendra Jain, promoter and Managing Director of Abhijit Trading Co Ltd, sold his entire holding of 20,000 shares (0.07% of total share capital) via an off-market transaction on April 7, 2025. After the sale, his holding in the company stands at zero, meaning a complete exit by the named promoter. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's total equity share capital remains unchanged at Rs. 29,70,09,950, divided into 2,97,00,995 equity shares of Rs. 10 each.
The promoter has fully exited the company, though the size of the sale is negligible (0.07%), so direct stock price impact is unlikely. It signals a loss of skin-in-the-game by the named promoter, which retail investors may view as a mild negative governance signal.