The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shyam Group of Industries
SHYAMCENT · price
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Awaiting price reaction for this filing.
Shyam Group of Industries, along with Persons Acting in Concert (PACs), has disclosed a net reduction of 2.077% in its holding in Shyam Century Ferrous Ltd through open market transactions between 12 Dec 2024 and 24 Nov 2025. The group sold 88,60,636 shares (4.176% of capital) and bought back 44,52,679 shares (2.099%), bringing its holding down from 4,51,71,799 shares (21.29%) to 4,07,63,842 shares (19.21%). The biggest net sellers were Kalpataru Housefin & Trading (-3.318%), Subham Buildwell (-0.839%), and Bina Devi Agarwal, while new buyers included Tanishi Agarwal (0.492%), Dasbhuja Wholesellers (0.444%), Sumita Devi Agarwal Family Trust (0.402%), and Mahabir Prasad Agarwal Family Trust (0.324%). The filing explicitly states the acquirer is NOT classified as part of the promoter/promoter group, though the individuals named (Brij Bhushan Agarwal, Mahabir Prasad Agarwal, Subham Agarwal, etc.) are the promoter family of the Shyam Metalics group.
Despite the 'not promoter' classification, the entities involved are promoter-family members acting in concert, so this net 2%+ sell-down may signal consolidation or rotation within the group and could create mild negative sentiment. Shareholders should watch for further Reg 29(2) filings to see if the group crosses below the 15% or 10% SAST thresholds.