The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shahnawaz Shaikh
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Shahnawaz Aijazuddin Shaikh, a non-promoter shareholder of Octaware Technologies Ltd, has sold 1,04,780 equity shares (2.92% of the company's equity) through an off-market transaction on January 19, 2026. Prior to the sale, he held 1,73,171 shares (4.82%), and after the sale his holding has come down to 68,391 shares (1.90%). The filing under Regulation 29(2) of SEBI's Takeover Regulations was submitted to BSE on January 20, 2026. The total equity share capital of the company remains unchanged at 35,90,570 shares of Rs. 10 each.
This is a non-promoter off-market sale that reduces the seller's stake from 4.82% to 1.90% in a small-cap company. Since the transaction was off-market, it is unlikely to directly affect the stock price, but it signals a meaningful reduction in holdings by an existing significant shareholder.