The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikas Jian
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Awaiting price reaction for this filing.
Vikas Jain, a Person Acting in Concert (PAC) described as a relative of a director at Osiajee Texfab Ltd, sold 51,744 equity shares through the open market between 3rd June 2025 and 9th June 2025. The disposal represents 0.95% of the company's total share capital and voting rights. Post-sale, his holding drops to just 10,030 shares (0.19%) from 61,774 shares (1.14%) earlier. The filing is made under SEBI SAST Regulation 29(2). Importantly, the disclosure explicitly states that the seller does NOT belong to the promoter or promoter group category. Total equity share capital of the company stands at 5.40 crore shares.
This is a minor, below-threshold disposal (0.95%) by a non-promoter connected person (PAC/relative of director). Holding is now negligible at 0.19%, so further selling pressure from this individual is limited. The sale itself is too small to materially affect the stock price or signal any meaningful change in company fundamentals or promoter sentiment.