The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Kumar Poddar & PACs
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Promoter and Executive Director Rajendra Kumar Poddar has sold his entire holding of 5,47,761 equity shares (11.33% of the company's share capital) in Mayur Leather Products Ltd through open market on March 16, 2026. Persons Acting in Concert (PACs) — Amita Poddar and Akhilesh Poddar — are named in the disclosure under SEBI Regulation 29(2) of the Takeover Code. Before the sale, Poddar held 5,47,761 shares (11.33% of total equity and 23.33% of diluted capital); after the sale, his holding stands at zero. The company's total equity share capital is Rs. 4,83,48,000 comprising 48,34,800 shares of Rs. 10 each.
This is a significant negative signal — a promoter and Executive Director has completely exited his position in the company via open market. Retail investors should view this as a red flag on promoter confidence in the business outlook and watch for follow-through price action or further disclosures from PACs.