The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wardwizard Solutions India Pvt Ltd
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On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 3.5 pts more 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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Wardwizard Solutions India Pvt Ltd, part of the promoter group of Mangalam Industrial Finance Ltd, sold 4,21,848 equity shares on the open market on 28th March 2025. This reduced its individual holding from 7.63% (7.34 crore shares) to 7.59% (7.30 crore shares), a drop of 0.04%. Including the Persons Acting in Concert (PAC) Mr. Yatin Sanjay Gupte (who holds 7.76%), the combined promoter-group holding declined marginally from 15.39% to 15.35%. The total equity share capital of the company remains unchanged at 96,16,43,500 shares of Re. 1 each. The disclosure was filed under SEBI Takeover Regulations due to a change in shareholding.
The sale is very small (0.04% of share capital) and unlikely to materially affect the stock price or shareholder wealth. However, it signals continued trimming by a promoter-group entity, which investors may want to monitor if further sales follow.