The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kala Diwanji
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Kala Diwanji, a non-promoter shareholder of Nidhi Granites Ltd, sold 1,77,519 shares (2.22% of the company) in the open market between June 17 and July 10, 2025. Her holding decreased from 9,01,112 shares (11.26%) before the sale to 7,23,593 shares (9.045%) after the sale. The transaction was carried out across multiple trading days through the open market on BSE.
This is a routine disclosure from a non-promoter individual shareholder reducing her stake. Since Kala Diwanji is not part of the promoter group, this sale is not a negative signal about promoter confidence in the company. The shareholding still remains substantial at over 9%.