Intimation of Disclosure under Regulation 29(2) from 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 30,000 equity shares (1.04% of total share capital) in the open market on 11 August 2025. Before the sale, she held 269,831 shares (9.39%); after the sale, her holding reduced to 239,831 shares (8.35%). The shares were sold to the public through a normal market transaction on BSE. The company's total share capital remained unchanged at Rs 2.87 crore (28,73,300 shares of Rs 10 each). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations.
This is a small open-market sale by a promoter group member, reducing her individual stake from 9.39% to 8.35%. For retail investors, it signals mild profit-taking or portfolio rebalancing by a promoter entity, but the size is too small to materially affect shareholding control or the stock price.