The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sandeep Makkad
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Promoter Sandeep Makkad, along with PACs Gurucharan Lal Makkad and Shashi Makkad, have fully exited New Light Industries Ltd by selling their entire stake of 22,54,760 equity shares (2.58% of paid-up capital). The off-market share transfers were executed between 16th February 2026 and 5th March 2026. Before the disposal, the promoter group collectively held 22,54,760 shares (2.58%); after the disposal, their holding stands at 0.00%. The company's total equity share capital is Rs. 8.76 crore, divided into 8,76,00,150 shares of Rs. 1 each. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, as the change exceeded the 2% reporting threshold.
The original promoter group has completely exited the company, which is symbolically significant even though their stake was small at 2.58%. Retail investors should note this signals a total departure of the founding family from the business — this could reflect a change in control, a private exit arrangement, or loss of promoter interest, and warrants watching for any related party transactions or new controlling shareholder disclosures.