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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Awaiting price reaction for this filing.
Kala Diwanji, a non-promoter shareholder of Nidhi Granites Ltd, has filed a disclosure under SEBI's Takeover Regulations for the sale of 1,78,888 equity shares (2.24% of the company's share capital). The shares were sold in the open market across multiple dates between April 2025 and June 13, 2025. As a result, Kala Diwanji's holding in the company reduced from 13.50% (10,80,000 shares) to 11.26% (9,01,112 shares). The total equity share capital of the company remains unchanged at 8,00,00,000 shares.
This is a non-promoter trimming their stake, which is generally viewed as mildly negative but not alarming given the seller is not from the promoter group. The sale is small in size (2.24%) and was executed through regular market transactions over several weeks, so it is unlikely to materially affect the stock price or shareholder confidence.