DISCLOSURE UNDER REGULATION 29(2) OF SEBI (SAST) REGULATION, 2011
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Saurabh Jain, a member of the promoter group of Rajasthan Tube Manufacturing Company, has disclosed a sale of 2,10,000 equity shares (4.66% of the company) under SEBI SAST Regulation 29(2). The transaction was carried out off-market on 5th May 2025. Prior to the sale, he held 5,28,822 shares (11.73%), which has now reduced to 3,18,822 shares (7.07%). No encumbrance details were disclosed, and the total equity share capital of the company stands at 4,50,78,000 shares.
This is a notable promoter offloading — a reduction from 11.73% to 7.07% signals the promoter is trimming exposure. Retail investors may view this as mildly negative as it can indicate reduced promoter confidence, though it also frees up shares for broader market participation.