Dear Sir/Ma''am, Pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7 of the SEBI (Prohibition of Insider Trading) ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Mr. Praveen Jaswant Rai Jain sold his entire holding of 8,24,600 equity shares (26.65% of total share capital) in Shashank Traders Limited at Rs. 30 per share through an off-market transaction on May 7, 2026. The total transaction value was approximately Rs. 2.47 crore. The company's share capital remains unchanged at Rs. 3,09,38,000 comprising 30,93,800 equity shares of Rs. 10 each. Following this sale, the promoter's holding has reduced from 26.65% to NIL (0%), representing a complete exit by the promoter from the company.
This is a significant negative signal as the promoter has completely exited the company by selling their entire 26.65% stake. Complete promoter exit typically raises concerns about the company's future prospects and may negatively impact investor confidence and stock price.