The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narendra Patil / Chhaya Patil
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Promoters Narendra Ramkrishna Patil and Chhaya Narendra Patil have sold their entire holding of 182,500 shares (2.97% of equity capital) in 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 promoters. Before the sale, these shares were held in the nature of encumbrance (pledge/lien/non-disposal undertaking). After the transaction, both promoters hold 0 shares (0%). The total equity share capital of the company remains unchanged at 61,49,800 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This represents a complete exit by the named promoters from Shilp Gravures, with their pledged/encumbered shares being transferred to Akiyam Sampati Management LLP. Shareholders should note the change in promoter composition and watch for any further disclosures from the acquirer regarding their aggregate holding and any potential open offer obligations under takeover regulations.