The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anil Kumar Bansal & Saroj Rajendra Prasad Bansal
POCL · price
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Awaiting price reaction for this filing.
Two promoters of Pondy Oxides & Chemicals sold a combined 6,00,000 shares (2.13% of paid-up capital) in the open market on 23rd May 2025. Anil Kumar Bansal sold 4,00,000 shares (1.42%), bringing his holding down from 8.91% to 7.49%. Saroj Rajendra Prasad Bansal sold 2,00,000 shares (0.71%), bringing her holding from 9.66% to 8.95%. Combined promoter holding fell from 18.57% to 16.44% of the company's paid-up equity capital. The disclosure was filed under SEBI's Takeover Regulations, as required when promoter holdings change beyond specified thresholds.
Promoters trimming their stake by over 2% in a single day is a mild negative signal for retail investors, as it can put short-term pressure on the stock price and may raise questions about insider confidence. However, their remaining combined holding of 16.44% still indicates significant promoter skin in the game.