The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alay Jtendra Shah
SHILCTECH · price
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Alay Jitendra Shah, a promoter of Shilchar Technologies Ltd, has sold 100,000 equity shares (0.8741% of total share capital) through the open market on 23 October 2025. This is a disclosure filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. Following this sale, his holding in the company has come down from 2,809,548 shares (24.56%) to 2,709,548 shares (23.68%). The total equity share capital of the company stands at 1,14,40,200 shares.
This is a relatively small open-market sale by a promoter, reducing his stake by less than 1%. The promoter continues to hold nearly a quarter of the company, so it is unlikely to materially affect the stock price. However, retail investors often view promoter share sales with caution and may keep a watch on any further such disclosures.