The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohammed Aslam Qudratullah Khan
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Promoter Mohammed Aslam Qudratullah Khan sold 12,48,000 equity shares (34.76% of the company) of Octaware Technologies Ltd on January 6, 2026 through an off-market transaction, described as a Share Purchase Agreement linked to an open offer. His holding dropped sharply from 19,65,224 shares (54.73%) to 7,17,224 shares (19.98%). The sale was disclosed under Regulation 29(2) of SEBI's Takeover Regulations. Octaware Technologies is a small company with total equity capital of Rs 3.59 crore divided into 35,90,570 shares of Rs 10 each, so this single transaction represents a very significant change in promoter ownership.
This is a major promoter exit that could signal a change of control at Octaware Technologies, as the seller's stake fell well below the 50% threshold and the mode of sale (SPA during open offer) suggests a new acquirer is taking over. Shareholders should watch for the open offer details and the identity of the incoming acquirer, as the stock price and company direction could be materially affected.