The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Sawalram Saraogi

Promoter Stake Sell 1pctOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.4%1-day move

₹3.60

prior close

₹3.54

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-4.5-0.8-4.0-1.1-1.4+1.9+0.3-4.7-2.8-13.3-15.6-21.9-15.6—

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AI summary

Promoter Ramesh Sawalram Saraogi sold 50,00,000 shares (0.84% stake) on May 25, 2026. Pre-sale holding was 1.70 crore shares (2.87%), which reduced to 1.20 crore shares (2.02%) post-sale. The post-sale holding is attributed to both the seller and Navratri Share Trading Private Limited as a Promoter Associate (PAC), suggesting this may be an intra-promoter group transfer or restructuring. The disclosure is under SEBI SAST Regulation 29(2) for substantial disposal by a promoter.

Likely market impact

The sale of 0.84% by a promoter indicates reduction in promoter stake, which could signal reduced promoter confidence or portfolio rebalancing. The involvement of a PAC suggests the shares may have been transferred within the promoter group rather than to external parties.