We hereby submit press release issued by Promoters/ promoter group of Shish Industries Limited
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Awaiting price reaction for this filing.
Promoters Mr. Satishkumar Dayabhai Maniya and Mr. Rameshbhai Virjibhai Kakadiya have sold 1,93,34,050 equity shares (about 5.06% of the company's paid-up share capital) via open market transactions on December 15 and 16, 2025. The promoters have clarified that the sale is solely to de-leverage their personal balance sheets, with proceeds earmarked exclusively for repaying personal financial obligations. They have stated there is no material non-public information driving the sale and that the disposal does not reflect any change in their outlook on the company's operations or future. Post-sale, the promoter group continues to hold 60.55% in the company, retaining a controlling stake.
Despite the promoter selling being a sentiment-negative signal, the large 60.55% continued holding and explicit reaffirmation of long-term commitment may help limit downside reaction. Retail investors should watch for any further promoter selling or stock price pressure in the near term.