The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narendra Ramkrishna Patil HUF
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Narendra Ramkrishna Patil HUF, part of the promoter group of Shilp Gravures Limited, sold its entire holding of 46,300 equity shares (0.75% of paid-up capital) through an off-market transaction on May 23, 2025. The sale was executed under a Share Purchase Agreement dated December 12, 2024 between M/s. Akiyam Sampati Management LLP and the promoters of Shilp Gravures. After this transaction, this HUF holds zero shares in the company, effectively exiting its stake. Shilp Gravures has a total equity share capital of 61,49,800 shares of Rs. 10 each. This disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations, 2011.
This is a small but notable promoter group reduction as part of a broader deal with Akiyam Sampati Management LLP, which may indicate a change in the company's ownership structure. Investors should watch for additional disclosures from other promoter entities, as the SPA likely involves further stake transfers between promoters and Akiyam.