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 has disclosed a sale of 17,01,313 equity shares (3.49% of total share capital) of Parle Industries Ltd under Regulation 29(2) of SEBI SAST Regulations. The shares were sold in the open market through the stock exchange between 5 March 2026 and 13 March 2026. After this sale, Brillant Properties' holding in Parle Industries has come down from 80,04,313 shares (16.40%) to 63,03,000 shares (12.92%). The disclosure clarifies that Brillant Properties does not belong to the promoter or promoter group of Parle Industries. The total equity share capital of Parle Industries stands at 4,88,00,000 shares of Rs. 10 each (Rs. 48.80 crore), unchanged by this transaction.
Since Brillant Properties is not part of the promoter group, this is a non-promoter trimming its stake from over 16% to under 13%. This is a significant block sale that could create short-term supply pressure on the stock. Retail investors should note the change in shareholder composition, though promoter holding is unaffected.