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 Yatin Sanjay Gupte sold 39,00,000 equity shares of Mangalam Industrial Finance Ltd through on-market transactions on June 5 and June 6, 2025 (25 lakh and 14 lakh shares respectively). His individual stake dropped from 7.01% to 6.61% of the company, a reduction of 0.40 percentage points. The PAC, Wardwizard Solutions India Private Limited, did not sell any shares, so the combined promoter group holding fell from 14.60% to 14.20%. Total equity share capital remains unchanged at Rs. 96.16 crore (96.16 crore shares of Re. 1 each). The disclosure was filed under SEBI's SAST Regulation 29(2) to report the change in shareholding.
This is a small insider sell-off, trimming the promoter stake by just 0.40% of the company. It is not a major exodus, but it does signal some insider trimming. Shareholders should watch for any further promoter sales that could indicate a bigger exit strategy or a shift in insider sentiment.