The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohammed Siraj Moinuddin Gunwan
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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 paid-up capital) through an on-market transaction on 5 August 2025 at ₹25.46 per share, aggregating roughly ₹73.3 lakh. This reduced his holding from 3,23,057 shares (8.9974%) to just 33,057 shares (0.9764%), effectively exiting almost his entire stake in the company. The filing clarifies that the seller does not belong to the promoter or promoter group. The total share capital of the company remains unchanged at 35,90,570 equity shares of ₹10 each.
A Whole-time Director selling nearly his entire shareholding (over 8% of the company) in a single on-market trade is a negative signal and could weigh on short-term sentiment. However, since he is not part of the promoter group, promoter stability is not directly affected.