The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Priyanka Tandon & Mayank Ramesh Tandon
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Puretrop Fruits Limited's promoter group tendered shares in a buyback offer, reducing the company's equity share capital from ₹7.97 crore (79,69,902 shares) to ₹6.87 crore (68,69,902 shares) after extinguishment on April 29, 2026. Priyanka Tandon and Mayank Ramesh Tandon together sold 4,35,682 shares (5.47% of pre-buyback capital), reducing their combined holding from 6.87% to just 1.63%. Despite the disposals by some promoters, the overall promoter group's stake increased from 60.87% to 64.27% because the total share count decreased due to the buyback. Freshcap Foodstuff LLP, Ashok Vishindas Motiani, Nanita Ashok Motiani, and Dipti Ashok Motiani did not tender any shares.
The remaining promoter group now holds a stronger majority at 64.27%, while Priyanka Tandon and Mayank Ramesh Tandon have significantly reduced their stakes. This may indicate a consolidation of control among core promoters and a partial exit by two promoter group members.