The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddharth Patil
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Awaiting price reaction for this filing.
Siddharth Narendra Patil, a member of the promoter group of Shilp Gravures Limited, sold his entire holding of 1,05,700 shares (1.72% of the company's share capital) through an off-market transaction on May 23, 2025. The sale was executed under a Share Purchase Agreement dated December 12, 2024, between Akiyam Sampati Management LLP and the promoters. Before the sale, his 1.05 lakh shares were held as encumbered (pledge/lien/non-disposal undertaking). Post-sale, his holding stands at zero shares. The total equity share capital of the company remains unchanged at 61,49,800 shares of Rs. 10 each.
The promoter has fully exited his stake through a pre-arranged private deal rather than open-market selling, so there is no immediate price pressure. However, this signals a shift in promoter group composition, with the stake moving to Akiyam Sampati Management LLP, which shareholders should monitor for any further changes in control or promoter identity.