The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravi Kotia
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Awaiting price reaction for this filing.
Promoter Ravi Kotia filed a revised disclosure under Regulation 29(2) of SEBI's Takeover Regulations after BSE flagged a discrepancy in his earlier 15.07.2025 filing. The original disclosure had incorrectly stated pre-sale holding as 35,88,763 shares (32.63%), when the correct figure was 36,33,763 shares (33.03%). The actual transaction was an off-market sale of 35,88,763 shares (32.63%) on 15.07.2025, reducing the promoter's stake from 33.03% to just 45,000 shares (0.41%). The company has an equity share capital of Rs 11 crore divided into 1.10 crore equity shares of Rs 10 each. This essentially represents a near-complete promoter exit via a single off-market deal.
This is a major red flag for retail investors — the promoter has offloaded virtually his entire stake (from 33.03% down to 0.41%) in a single off-market transaction, which signals a significant loss of promoter confidence and could weigh heavily on the stock price and investor sentiment.