The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Brillant Properties Pvt Ltd
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Awaiting price reaction for this filing.
Brillant Properties Pvt Ltd, a non-promoter entity, has sold 17,67,887 equity shares (3.62%) of Parle Industries Ltd through open market between 3 February 2026 and 4 March 2026. Following this sale, Brillant Properties' stake in Parle Industries has dropped from 20.03% (97,72,200 shares) to 16.40% (80,04,313 shares). The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The filing explicitly states that the seller does not belong to the promoter or promoter group of Parle Industries. The total equity share capital of Parle Industries remains unchanged at 4,88,00,000 shares of Rs. 10 each.
A non-promoter shareholder has trimmed its holding by nearly 4%, which may signal reduced confidence or portfolio rebalancing by this investor. While the open-market sale over several weeks likely spread out any price impact, retail investors should note the reduction in a significant non-promoter stake and watch for further disclosures.