The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mehul Jadavji Shah
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Mrs. Jaywanti Jadavji Shah, belonging to the promoter group of Shah Construction Company Ltd, has sold her entire stake of 30,706 equity shares (19.04% of paid-up capital) through an off-market transaction on 22 September 2025. Post the transaction, her holding in the company stands reduced to NIL. The disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations, 2011 with BSE. The equity share capital of the company is Rs. 1,61,25,000, and there is no change in the total share capital of the company as a result of this transfer.
This is a complete exit by a promoter group member, which may raise concerns among retail investors about promoter confidence in the company. However, since it is an off-market transfer, the likely possibility is an internal family/inter-se transfer within the promoter group rather than a market sale to outsiders. Shareholders should watch for follow-up disclosures clarifying the ultimate beneficiary of the shares.