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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Awaiting price reaction for this filing.
Mohammed Siraj Moinuddin Gunwan, Whole-time Director of Octaware Technologies, sold 2,88,000 equity shares (8.02% of total share capital) in an open-market transaction on August 5, 2025 at Rs. 25.46 per share. His holding fell sharply from 3,23,057 shares (8.99%) to just 33,057 shares (0.98%), effectively a near-complete exit. The filing clarifies he does NOT belong to the promoter/promoter group. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
A near-total insider exit by a Whole-time Director is a strongly negative confidence signal — retail investors may read this as the director losing conviction in the stock. Watch for price pressure on Octaware (BSE: 540416) in the near term, though the seller is not a promoter so takeover-related thresholds are not in play.