The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alok Kumar & Others
SALASAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.3 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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This is a revised disclosure (correcting a typographical error from the original filing dated December 23, 2024) by Salasar Techno Engineering's promoter group reporting an open-market sale of shares that crossed the 2% aggregate threshold on December 20, 2024. The promoter group's combined shareholding fell from 18.40% to 16.34% of the company's equity capital. Key sellers include Alok Kumar (~1.32 crore shares, 0.76%), Shikhar Fabtech Pvt. Ltd. (~1.68 crore shares, 0.97%), Tripti Gupta (~32.88 lakh shares, 0.19%), Shikhar Gupta (~19.73 lakh shares, 0.11%), and Alok Kumar HUF (~4 lakh shares, 0.02%). Base Engineering LLP and Kamlesh Gupta did not sell any shares. No encumbrance (pledge/lien) creation, invocation, or release was reported.
A ~2% aggregate promoter-group sell-off through the open market is a mildly negative signal, suggesting reduced promoter skin-in-the-game. However, the promoter group still holds ~16.34% and remains in control, and the filing itself is just a procedural correction of an earlier disclosure.