The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohammed Fasihuddin
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Mohammed Fasihuddin, a member of the promoter group of New Markets Advisory Limited, has sold 220,000 equity shares (17.74% of the company) through an off-market transaction on 29th May 2025. Before the sale, he held 902,750 shares (72.80%), and after the sale his holding stands at 682,750 shares (55.06%). The company's total equity capital is 12,40,000 shares of Rs. 10 each, listed on BSE. This disclosure was filed under SEBI's Takeover Regulations to report the change in promoter shareholding.
The promoter remains in control with a majority 55.06% stake, so there is no change of control or open offer trigger. However, the large off-market sale at promoter level may lead to a change in the shareholder base and is worth monitoring for any further stake changes.