Silgo Retail Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011'.
SILGO · price
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Goldendunes Builders and Developers Private Limited, a promoter group entity of Silgo Retail Limited, sold a total of 1,145,029 equity shares (3.588% of total share capital) through open market transactions between May 8-14, 2026. The shares were sold across five trading sessions in varying quantities ranging from 100,000 to 320,000 shares per day. As a result of this sale, the promoter's holding in Silgo Retail reduced from 14.875% (47,46,537 shares) to 11.287% (36,01,508 shares). The total voting capital of the company remained unchanged at 3,19,08,860 shares worth approximately Rs. 31.91 crore.
This represents a significant reduction in promoter stake through open market selling, which could signal lack of confidence by the promoter group. The reduction of promoter holding by nearly 3.6 percentage points may create negative sentiment for retail investors, as substantial promoter selling often indicates alternative uses of funds or a bearish outlook on the company's prospects.