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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Yatin Sanjay Gupte, a Promoter and Director of Mangalam Industrial Finance Ltd, sold 7,73,935 equity shares via on-market transactions across two days — 4,67,063 shares on May 22, 2025 and 3,06,872 shares on May 23, 2025. This reduced his individual holding from 7.52% (72,35,72,72 shares) to 7.44% (71,58,33,37 shares) of the company's share capital. The PAC, Wardwizard Solutions India Private Limited, did not sell any shares and its holding remained unchanged at 7.59%. Combined promoter group holding dipped marginally from 15.11% to 15.03%. No encumbrances (pledges) were created, invoked, or released as part of this transaction. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations.
A small promoter sell-off of just 0.08% of equity; unlikely to materially impact stock price or change control dynamics. Investors may note continued gradual trimming by the individual promoter, though the PAC's unchanged stake suggests no broader group exit.