Intimation under Regulation 29(1) (2) of SAST 2011 by Ms Kavita Chandra.
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On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 5.3 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mrs. Kavita Chandra, a member of the promoter group of Scan Projects Ltd, has sold 45,000 equity shares in the open market on 26.06.2025, as disclosed under Regulation 29(2) of the SEBI Takeover Regulations. Her stake in the company reduced from 310,600 shares (10.81%) to 265,600 shares (9.24%), representing a 1.57 percentage point drop. The shares were sold on BSE where the company is listed. The total share capital of the company remains unchanged at Rs 2,87,33,000 (28,73,300 equity shares of Rs 10 each).
This is a minor stake reduction by a promoter group member and is unlikely to have a material impact on the stock price. Retail investors should note that promoter group selling may signal reduced confidence, though the quantum here is small and her remaining holding is still nearly 9.24%.