The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Laxman Bhogilal Sanghvi
SHAILY · price
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Awaiting price reaction for this filing.
Promoter Laxman Bhogilal Sanghvi has filed a revised disclosure with BSE correcting an earlier submission. The original disclosure dated 14 November 2025 was flagged for not specifying the mode of sale. The revised filing confirms that 50,000 equity shares of Shaily Engineering Plastics were sold via open market on 14 November 2025. His holding reduced from 23,82,120 shares (5.18%) to 23,32,120 shares (5.07%) of the company. The disposal represents just 0.11% of the total equity share capital. The revision was limited to clarifying the mode of disposal; the share quantity and dates remain unchanged.
This is a routine procedural correction with no material change to the transaction itself. The promoter's stake has come down slightly and now sits just above the 5% SAST disclosure threshold, which is worth monitoring for any further movements.