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 member of the promoter group of Mangalam Industrial Finance Ltd, sold 23,00,000 equity shares through on-market transactions on 20th May (18,00,000 shares) and 21st May (5,00,000 shares) 2025. His personal stake declined from 7.76% to 7.52% (a 0.24% reduction). The Person Acting in Concert (PAC), Wardwizard Solutions India Private Limited, did not sell any shares and held 7.59% as before. Combined promoter+PAC holding fell marginally from 15.35% to 15.11%. No encumbrance (pledge) details are involved - encumbrance stood at zero both before and after the transaction. The company's total equity share capital is Rs 96,16,43,500 divided into 96,16,43,500 shares of Re. 1 each.
This is a relatively small on-market sell-off by one promoter member (only 0.24% of total capital), with no change from the PAC. The combined promoter influence remains stable around 15%, suggesting minimal impact on control. Retail investors may view this as a mildly negative signal, but it is unlikely to materially affect the stock price or promoter grip on the company.