The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravindra Ramkrishna Patil / Sunanda Patil
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Awaiting price reaction for this filing.
Promoters Ravindra Ramkrishna Patil and Sunanda Ravindra Patil filed a disclosure under SEBI Takeover Regulations for an off-market sale of 1,500 equity shares (0.02% of paid-up capital) of Shilp Gravures Limited on May 23, 2025. The transaction was executed under a Share Purchase Agreement dated December 12, 2024, between M/s Akiyam Sampati Management LLP and the promoters. Before the sale, the 1,500 shares were held as encumbered (pledged) shares; after the sale, the promoters' entire holding in the company stands at zero shares (0.00%). The company's total equity share capital remains unchanged at 61,49,800 shares of Rs. 10 each.
This is a very small, pre-agreed promoter exit of just 0.02% of equity and is unlikely to have any meaningful impact on the stock price. It marks the complete exit of these two individual promoters from Shilp Gravures, with the stake moving to Akiyam Sampati Management LLP as per the existing SPA.