The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyoti Kishor Shah
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Awaiting price reaction for this filing.
Jyoti Kishor Shah, a member of the promoter group and Persons Acting in Concert of Mid East Portfolio Management Ltd, has sold 72,819 equity shares (1.45% of the company's equity capital) through an open market sale on March 2, 2026. Before the sale, she held 362,215 shares (7.20%); after the sale, her holding has come down to 289,396 shares (5.75%). The company's total paid-up equity capital remains unchanged at 50,30,000 shares of Rs. 10 each (Rs. 5.03 crore). The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, which is triggered when a promoter group member's open market dealing crosses the 1% threshold.
A reduction in promoter group holding from 7.20% to 5.75% by one member could be viewed as a mild negative signal by retail investors, as it indicates a promoter group member is exiting a portion of their stake. However, the sale is small in absolute value and the overall promoter group's combined holding is not disclosed here, so broader implications for stock price depend on whether other promoter members are also reducing.