The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manoj Agrawal
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Manoj Agrawal, a non-promoter shareholder of New Light Industries Ltd, has sold 23,86,264 shares (2.72% of total share capital) through open market between December 9 and December 11, 2025. Prior to the sale, he held 63,00,515 shares (7.19%); after the sale, his holding stands reduced to 45,50,881 shares (5.19%). The disclosure confirms no encumbrance (pledge/lien) is involved and the total share capital of the company remains 8,76,00,150 equity shares of face value Rs. 1 each.
This is a non-promoter individual reducing his stake by selling shares in the open market, which could add short-term supply pressure on the stock. However, since the seller is not a promoter, it does not raise governance red flags. Retail investors should watch for further disclosures to see if the selling continues and whether other non-promoter holders follow suit.