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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RRK Enterprise Private Limited, a promoter entity of MIC Electronics, sold 50,00,000 equity shares (2.07% of total share capital) in the open market between November 14, 2025 and February 18, 2026. The promoter's stake dropped from 11,87,24,095 shares (49.27%) to 11,37,24,095 shares (47.18%). No encumbrance (pledge) is involved — this is a straightforward secondary market sale by a promoter group entity.
This is a steady promoter offloading that reduces the promoter group's holding to 47.18%, below the 50% mark, which could weaken promoter control and may be viewed negatively by retail investors watching for management confidence.