The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rachana Singi & Seema Pathak
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QGO Finance Ltd has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations. Ms. Rachana Singi sold 1,00,000 equity shares (1.44% of total share capital) to Ms. Seema Pathak via an off-market transaction on September 16, 2025. Prior to the sale, Rachana Singi held 41,04,956 shares (59.04%); post-sale her holding stands at 40,04,956 shares (57.61%). The acquirer, Seema Pathak, has been explicitly identified as NOT belonging to the promoter/promoter group. The disclosure was filed because the sale crossed the 1% threshold, triggering Reg 29(2) reporting. Total equity share capital remains 69,52,800 shares of Rs. 10 each.
A substantial shareholder (holding ~59%, likely a promoter) has trimmed her stake by 1.44% via an off-market deal to a non-promoter party. While she remains the dominant shareholder at 57.61%, investors should note the off-market nature of the transfer and the gradual reduction in her holding, which could signal future dilution of promoter control.