The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Munak Engineers Pvt Ltd
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Munak Engineers Pvt Ltd, a member of the promoter/promoter group, has sold all its 40,000 equity shares (3.73%) in Saptak Chem and Business Ltd through an off-market deal dated September 18, 2025. Before the sale, the entity held 40,000 shares (3.73% of voting capital); after the sale, its holding is NIL — a complete exit by this promoter entity. The company's total equity is only 10,73,227 shares of Rs. 10 each, making it a very small company, with the shares recently listed on BSE per a notice dated September 15, 2025. The transaction was an off-market transfer, so the buyer identity is not disclosed here.
A promoter group entity fully exiting its stake within days of the shares being listed on BSE is a cautious signal for retail investors, as it may indicate the promoter group is reducing its skin in the game. However, since it was an off-market deal, this could be an inter-promoter transfer rather than a sale to outsiders; investors should watch for further disclosures to identify the ultimate buyer and any further promoter selling.