The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mrs. Saroj Agarwal and N D Agarwal (HUF)
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Mrs. Saroj Agarwal (80,000 shares, 1.34%) and N.D. Agarwal HUF (264,700 shares, 4.45%), both members of the promoter group, together sold 3,44,700 equity shares (5.79% of the company's share capital) to Mr. Ram Gopal Jindal. The transaction was an off-market sale executed on May 29, 2025, pursuant to a Share Purchase Agreement dated February 1, 2024 that also involved other promoter group members. After this sale, both sellers reported zero shareholding in NDA Securities Ltd, meaning they have fully exited their direct holdings in the company.
This is a significant promoter-group exit — Mrs. Saroj Agarwal and the N.D. Agarwal HUF have completely sold out of their direct stake. Shareholders should note the change in promoter composition and monitor who now controls the company, as the shares have shifted to a single non-promoter acquirer, which could affect future ownership structure and governance.