The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RRK Enterprise Pvt Ltd
MICEL · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RRK Enterprise Private Limited, a promoter entity of MIC Electronics, sold 70,00,000 equity shares in the open market between September 24, 2025 and November 14, 2025. This reduced the promoter's holding from 12,57,24,095 shares (52.17%) to 11,87,24,095 shares (49.27%) of the total voting capital. The sale was carried out on BSE and NSE under SEBI's SAST Regulation 29(2). As a result, the combined promoter group holding has now fallen below the 50% mark for the first time, a notable shift in ownership control.
The promoter dropping below 50% is a key signal — it means there is no longer an absolute majority on the promoter side, which may raise governance and control concerns among investors. This could exert short-term pressure on the stock price and may trigger further disclosures if more sales follow.