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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Awaiting price reaction for this filing.
Yatin Sanjay Gupte, a Promoter and Director of Mangalam Industrial Finance Ltd, sold 11,00,000 equity shares on the open market across two days — 5,00,000 shares on May 28, 2025 and 6,00,000 shares on May 29, 2025. His individual holding decreased from 7.36% (70,843,599 shares) to 7.25% (69,743,599 shares), a reduction of 0.11 percentage points. The combined promoter group holding, which includes PAC Wardwizard Solutions India Private Limited (7.59%), dropped marginally from 14.95% to 14.84% of total share capital. No encumbrance or pledge activity was reported. The disclosure was filed under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.
This is a small promoter offloading (0.11% of total capital) and is largely routine, so it is unlikely to have a material impact on the stock price. Investors may note that the promoter group's combined holding remains well below the 50% mark at 14.84%.