The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kunal Haresh Mehta
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Non-promoter shareholder Kunal Haresh Mehta, along with person acting in concert (PAC) Smita Mehta, has disclosed a sale of 63,85,657 equity shares (2.56% of share capital) through the open market between 24 December 2025 and 2 February 2026. Kunal sold 49,85,657 shares (2.00%) and Smita sold 14,00,000 shares (0.56%). As a result, their combined holding has reduced from 5,18,40,000 shares (20.75%) to 4,54,54,343 shares (18.20%). Kunal's individual stake fell from 15.13% to 13.14%, while Smita's fell from 5.62% to 5.06%. The acquirer is not part of the promoter/promoter group.
This is a non-promoter investor trimming their stake below the 20% mark, which is normally a price-sensitive disclosure. The selling pressure over a ~6-week period is mild in volume terms but signals reduced confidence from a significant non-promoter holder, which retail investors may monitor as a sentiment indicator.