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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Promoter and Director Yatin Sanjay Gupte sold a total of 39,00,000 equity shares (0.40% of share capital) of Mangalam Industrial Finance Ltd through on-market transactions on June 5 and June 6, 2025. Before the sale, Yatin personally held 6,74,43,599 shares (7.01%), which dropped to 6,35,43,599 shares (6.61%) after the sale. The PAC, Wardwizard Solutions India Private Limited, did not sell any shares and continues to hold 7,28,88,209 shares (7.59%). Combined promoter group holding fell from 14.60% to 14.20% of the company's equity. The disclosure was filed under SEBI SAST Regulation 29(2).
This is a modest reduction in promoter's personal stake (0.40%), signalling minor profit-taking or rebalancing by an individual promoter. Combined promoter group remains comfortably above 10%, and the sale size is too small to materially affect stock price or trigger takeover-related concerns.