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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Brillant Properties Pvt Ltd, a non-promoter entity, sold 21,36,546 equity shares (4.38%) of Parle Industries Ltd in the open market between 14 March 2026 and 25 March 2026. After the sale, its holding in the company dropped from 63,03,000 shares (12.92%) to 41,66,454 shares (8.54%). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations as the change exceeded the 2% reporting threshold. The filing confirms the seller is not part of the promoter or promoter group. Parle Industries' total equity capital remains unchanged at 4.88 crore shares of Rs. 10 each.
A large non-promoter shareholder has cut its stake by about a third in a short 10-day window, which may create short-term supply pressure on the stock. The seller has fallen below the 10% disclosure bracket, meaning future smaller trades by it will no longer trigger SAST disclosures.