The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Baldev Vithaldas Patel
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Promoter Baldev Vithaldas Patel sold 765,756 shares (12.45% of equity) of Shilp Gravures Limited through an off-market transaction on May 23, 2025. The sale was executed pursuant to a Share Purchase Agreement dated December 12, 2024 between Akiyam Sampati Management LLP and the company's promoters. As a result, his individual holding dropped sharply from 12.53% (770,756 shares) to just 0.08% (5,000 shares). The company's total equity share capital remains 61,49,800 shares of Rs. 10 each. The buyer, Akiyam Sampati Management LLP, is acquiring the stake from the promoter group, indicating a change in ownership/control.
This is a near-complete promoter exit by a key individual promoter, with the stake moving to Akiyam Sampati Management LLP. Shareholders should watch for changes in management, board composition, and strategic direction. The stock may see volatility as the market digests the identity change of a major shareholder.