DISCLOSURE UNDER REGULATION 7 (2) READ WITH REGULATION 6(2) OF SEBI (PIT) REGULATION, 2015
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Awaiting price reaction for this filing.
Promoter and Director Saurabh Jain sold 2,10,000 equity shares (4.66% of the company) in Rajasthan Tube Manufacturing Company through an off-market transaction on May 5, 2025, valued at around Rs. 1.85 crore. Post-sale, his holding reduced from 5,28,822 shares (11.73%) to 3,18,822 shares (7.07%). The disclosure was filed on May 6, 2025 under SEBI's insider trading regulations as a continual disclosure. The transaction was an off-market sale, not executed on the stock exchange.
The promoter has reduced his stake by roughly 40% of his previous holding, dropping from 11.73% to 7.07%, which could put some pressure on the stock if market participants read this as a negative signal about the company's prospects.