The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & PACs
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Awaiting price reaction for this filing.
Yatin Sanjay Gupte, a promoter of Mangalam Industrial Finance Ltd, sold 23,00,000 equity shares through on-market transactions on 20th May 2025 (18,00,000 shares) and 21st May 2025 (5,00,000 shares). This reduced his personal holding from 7.76% to 7.52% of the company. The PAC, Wardwizard Solutions India Private Limited, did not sell any shares, so its holding remains at 7.59%. Combined promoter group holding moved marginally from 15.35% to 15.11% post-sale. No encumbrance or pledge activity is involved. The filing is a standard regulatory disclosure under the takeover code for any acquisition or sale by promoters.
This is a minor stake sale of only 0.24% by the promoter and is unlikely to materially affect the stock price or signal any concern. The promoter group still retains a significant 15.11% stake in the company, and no leverage or encumbrance is involved.