The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ronak Chiripal & Others
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Promoter group members and persons acting in concert — Ronak B Chiripal, Chiripal Exim LLP, Savitridevi V Chiripal and Vineeta V Chiripal — sold a total of 32,78,182 equity shares (about 2.04% of the company's share capital) through open market transactions on November 11–12, 2025. Their combined holding in the company fell from 13.68% (2,20,23,601 shares) to 11.64% (1,87,45,419 shares). The largest sellers in terms of percentage were Chiripal Exim LLP (down 0.70%), Savitridevi V Chiripal (down 0.62%) and Ronak B Chiripal (down 0.47%). The company has an equity share capital of ₹16.10 crore divided into 16.10 crore shares of ₹1 each. This is a regulatory disclosure under the SEBI Takeover Regulations and not a new acquisition.
Promoter/PAC selling of over 2% in two consecutive sessions is a noteworthy reduction in insider ownership and may be viewed as a negative signal by retail investors. Shareholders should watch for further promoter disclosures and any related price movement in the coming sessions.