Announced Wed, 11 Jun · 11:01 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte

Promoter Below 50pctOwnership Changes View source PDF

Price

Loading chart…

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

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Yatin Sanjay Gupte, a promoter of Mangalam Industrial Finance Ltd, sold 16,00,000 equity shares (0.17% of total share capital) through an open market transaction on 9th June 2025. His individual holding dropped from 6.61% (6.35 crore shares) to 6.44% (6.19 crore shares). Along with PAC Wardwizard Solutions India Private Limited (7.59% holder), the promoter group's combined holding declined from 14.20% to 14.03%. The disclosure was filed under SEBI SAST Regulation 29(2) on 10th June 2025. The company has 96.16 crore equity shares of Re. 1 each as total share capital.

Likely market impact

The sale is small (only 0.17%) and the promoter group remains comfortably below the 50% control threshold at just 14.03%, so there is no risk to promoter control or listing status. Minor short-term selling pressure may be felt, but the overall market impact is limited given the modest size of the transaction.