The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Susheel Somani & Others
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Sarvamangal Mercantile Company Ltd (Scrip Code: 506190) has filed a Regulation 29(2) SAST disclosure for transactions dated September 29, 2025, involving the Promoter Group. Three entities — Susheel Somani (500 shares, 0.2%), Susheel G Somani HUF (1,000 shares, 0.4%), and Susheel Somani (S.K. Somani & Co.) (16,000 shares, 6.43%) — off-market sold a combined 17,500 shares (7.03% of the company's equity). Of these, only 2,000 shares were picked up by other promoter group members (Jaya Somani, Suhrid Somani, and Hridai Somani), meaning roughly 15,500 shares (~6.2% of the equity) moved out of the promoter group to outside parties. As a result, the Promoter Group's aggregate holding fell sharply from 7.83% to 0.8% of the company's equity. No pledges or encumbrances are involved, and the total equity share capital remained unchanged at Rs. 24.9 lakh.
This is a significant reduction in promoter shareholding — the promoter group's stake has dropped from 7.83% to just 0.8%, signaling substantial promoter exit. For retail investors, this may be viewed as a negative confidence signal, as a large chunk of promoter stake has moved to unknown outside parties via off-market route, though the absolute share count (around 15,500 shares of a Rs. 2.49 lakh capital company) is small in monetary terms.