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
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Awaiting price reaction for this filing.
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.