The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.9 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Yatin Sanjay Gupte, Promoter and Director of Mangalam Industrial Finance Ltd, has sold 11,00,000 equity shares on the open market across two transactions — 4,00,000 shares on 30th May 2025 and 7,00,000 shares on 2nd June 2025. This takes his individual holding from 7.25% (6,97,43,599 shares) to 7.14% (6,86,43,599 shares), a reduction of about 0.11%. Along with PAC Wardwizard Solutions India Private Limited (holding unchanged at 7.59%), the combined promoter group holding has moved from 14.84% to 14.73% of the company's equity. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations.
A promoter trimming stake via open market sales can be viewed as a mild negative signal by retail investors, though the reduction here is small and the promoter remains comfortably above any takeover trigger threshold.