The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navdeep Subhashbhai Mehta & PACs
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Novateor Research Laboratories Ltd has filed a disclosure under SEBI Takeover Regulations regarding an open market sale of 39,000 equity shares by members of the promoter and promoter group on 12th September 2025. Specifically, Ms. Tejal Mehta (Promoter) sold 21,000 shares and Ms. Nainaben Mehta (Promoter Group) sold 18,000 shares. The combined promoter group holding decreased from 51.60% (31,22,730 shares) to 50.95% (30,83,730 shares), a reduction of 0.64 percentage points. The company is listed on the BSE SME platform (Script Code: 542771) with a total equity share capital of Rs. 6.05 crore divided into 60,52,170 equity shares of Rs. 10 each. The acquirer disclosed is Navdeep Subhashbhai Mehta along with six persons acting in concert (PACs), all belonging to the promoter/promoter group.
This is a relatively small promoter sale (less than 1% of equity), and the promoter group continues to hold over 50% of the company, so control remains firmly with the promoters. Retail investors should note the marginal reduction in promoter holding, but this is unlikely to have a material impact on the stock price or ownership structure.