The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alay Jitendra Shah
SHILCTECH · price
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Awaiting price reaction for this filing.
Alay Jitendra Shah, a promoter of Shilchar Technologies, sold 117,000 equity shares (about 1.02% of the company) on 21 October 2025 through an open market transaction. As a result, his holding dropped from 25.58% (2,926,548 shares) to 24.56% (2,809,548 shares). The total share capital of the company remains unchanged at 11,440,200 shares. The disclosure was filed under SEBI's takeover regulations because the sale crossed the 1% reporting threshold.
A modest promoter stake sale of just over 1% in the open market, which is unlikely to materially affect share price but may be seen as a mild negative signal by retail investors given that the promoter remains the largest shareholder.