The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shahnawaz Aijazuddin Shaikh
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Shahnawaz Aijazuddin Shaikh, a non-promoter shareholder of Octaware Technologies Ltd, sold 1,76,000 equity shares (4.90% of the company's capital) on January 12, 2026, through an off-market transaction. Before the sale, he held 3,63,348 shares (10.12%), and after the sale his holding has come down to 1,87,348 shares (5.22%). The company has a total equity capital of 35,90,570 shares of Rs.10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, suggesting he was a person holding more than 10% who has now fallen below that threshold.
This is a sizeable off-market exit by a non-promoter shareholder, reducing his stake from just over 10% to about 5.22%, which may indicate reduced confidence or portfolio rebalancing by this holder. Retail investors should note the change in substantial shareholding but it carries no direct implication for promoter control or company operations.