Intimation of Disclosure as per Regulation 29 (1) and (2) of SAST 2011 by Ms Nirmal Gupta a member of Promotor Group.
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Mrs. Nirmal Gupta, a member of the promoter group of Scan Projects Ltd, sold 135,502 equity shares (4.71% of total share capital) in the open market over five trading sessions from July 28 to August 1, 2025. Before the sale, she held 461,544 shares (16.06%); after the sale, her holding stands at 326,042 shares (11.35%). The total equity share capital of the company remained unchanged at Rs 2.87 crore (28,73,300 shares of Rs 10 each). The disclosure has been made under Regulation 29(1) and (2) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.
A promoter group member trimming her stake by nearly 5 percentage points in open market could be viewed negatively by retail investors, as it may raise concerns about insider confidence, though she still retains a meaningful 11.35% holding in the company.