Please find enclosed the disclosure received from shareholders belonging to Promoter group under Reg 7(2) of the SEBI (PIT) Regulations, 2015, intimating sale of shares in the company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter group shareholders Mrs. Kanchan Goel and Mrs. Nita Goel have disclosed sale of company shares through an off-market transaction under a Share Purchase Agreement (SPA). The disclosure was made to BSE in compliance with Regulation 7(2)(a) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing was made by Managing Director Pankaj Goel on behalf of the company. The exact number of shares sold and the percentage of shareholding change are not specified in the covering letter. The transaction was off-market, which typically indicates a negotiated private deal rather than open market trading.
An off-market sale by promoter group members typically signals reduced promoter holding and can be viewed negatively by markets as it may indicate insider intent to divest, especially when exact deal terms and quantities are not disclosed upfront.