The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjay Lodha & Others
NETWEB · price
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Awaiting price reaction for this filing.
On February 12, 2026, the four promoters of Netweb Technologies — Sanjay Lodha, Navin Lodha, Niraj Lodha, and Vivek Lodha — sold a combined 20,79,935 equity shares (3.65% of paid-up capital) through open market transactions. Sanjay Lodha sold the largest chunk at 8,99,000 shares (1.58%), while each of the other three promoters sold 3,93,645 shares (0.69% each). After the sale, the promoter group's total holding in the company has come down from 70.64% to 66.98%. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations to report the sale by the promoter group.
A 3.65% open market sale by the promoter group is a notable negative signal, as it can weigh on short-term stock sentiment due to increased supply and questions around insider confidence. However, the promoter group still retains a comfortable 66.98% stake, leaving control firmly with them and limiting long-term governance concerns.