The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sangita Gajanan Bhavsar / Gajanan Vamanrao Bhavsar
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Awaiting price reaction for this filing.
Promoters Sangita Gajanan Bhavsar and Gajanan Vamanrao Bhavsar sold 21,671 equity shares of Shilp Gravures Limited (0.35% of total share capital) through an off-market deal on May 29, 2025. The shares were sold to Akiyam Sampati Management LLP under a Share Purchase Agreement dated December 12, 2024. Before the sale, the Bhavsars held 21,671 shares (0.35%); after the sale, their direct holding has come down to zero, indicating a complete promoter exit from the company. Total equity share capital of Shilp Gravures remains unchanged at 61,49,800 shares of Rs. 10 each.
This signals a full exit by the Bhavsar promoters from Shilp Gravures Limited, with Akiyam Sampati Management LLP consolidating ownership. Existing shareholders should watch for any further disclosures or changes in board composition as control effectively shifts to the acquirer.