The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishnu Kumar Sureka HUF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vishnu Kumar Sureka (HUF), part of the promoter group of Mauria Udyog Ltd, sold 4,44,946 equity shares (0.33% of total share capital) in the open market on 8 September 2025. The holding fell from 1,00,61,500 shares (7.55%) to 96,16,554 shares (7.21%). The seller has clearly stated intent to sell all remaining shares in future. The stated reason is that another promoter has filed an FIR against the company, alleging fraudulent activities by the Managing Director and complete failure of corporate governance. The filing was made under Regulation 29(2) of the SEBI Takeover Regulations.
Negative — a promoter group entity publicly exiting with serious allegations of fraud and corporate governance failure is a major red flag for shareholders. Expect heightened regulatory scrutiny, possible stock price pressure, and continued insider selling pressure in the near term.