The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nam Securities Ltd
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Awaiting price reaction for this filing.
Nam Securities Ltd, a non-promoter shareholder in Orosil Smiths India Ltd, sold 8,56,122 shares (2.07% of equity) through open-market transactions on the BSE between 30 January 2025 and 15 April 2025. This reduced its holding from 52,78,975 shares (12.78%) to 44,22,853 shares (10.71%) of the company. Orosil Smiths India has a total equity share capital of Rs. 4.13 crore, comprising 4,13,16,000 shares of Rs. 1 each. The disclosure has been filed under SEBI's takeover regulations, which require reporting when a non-promoter shareholder's stake changes by more than 2% in a financial year. Nam Securities Ltd continues to remain a substantial shareholder, holding above the 10% mark after the sale.
A non-promoter shareholder trimming its stake by over 2% may be seen as a mild negative signal, though the entity still retains a significant 10.71% holding, so this is not a full exit. Retail investors should watch for any further disclosures from Nam Securities Ltd or other large shareholders to gauge the direction of institutional interest in the stock.