The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chhaya Gaurang Shah
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Mrs. Chhaya Gaurang Shah, a non-promoter individual shareholder, sold a total of 4,00,000 equity shares (3.64%) of Shree Krishna Infrastructure Limited through open market transactions on April 23 and April 25, 2024. Her holding decreased from 20,20,000 shares (18.36%) to 16,20,000 shares (14.72%) of the company's paid-up equity capital of 1,10,00,000 shares. The disclosures were filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, as each transaction crossed the 2% disclosure threshold. The filings were signed in April 2025, noting the delayed submission relative to the original transaction dates.
A non-promoter individual reducing her stake from 18.36% to 14.72% may suggest portfolio rebalancing or a loss of conviction in the stock, but the sales are small in volume and may have limited price impact. The delay in disclosure (transactions from April 2024 filed in April 2025) could raise minor governance concerns.