The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rachana Singi & Other
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Rachana Singi, who held 42,04,956 equity shares (60.48%) of QGO Finance Ltd, sold 1,00,000 shares (1.44%) to Seema Pathak on August 14, 2025. The deal was executed off-market. After the sale, Rachana Singi's holding stands at 41,04,956 shares (59.04%). The acquirer, Seema Pathak, is not part of the promoter/promoter group as per the disclosure. The company's total equity share capital remains unchanged at 69,52,800 shares of Rs. 10 each.
This is a 1.44% stake reduction by a person who controls over 59% of the company, even though done off-market to a non-promoter. Retail investors should monitor whether further off-market sales follow, as large concentrated holders reducing stake can be a sentiment negative, though the total share capital and promoter-level control remain intact for now.