The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Kumar Tulsyan
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The promoter group of Sita Enterprises Ltd, led by Ashok Kumar Tulsyan and persons acting in concert (PACs), has sold 21,00,000 shares (70% of the company) through an off-market transaction under a Share Purchase Agreement dated 21/12/2021. The sale was executed on 2nd September 2025. Before the transaction, the promoter group held 22,50,000 shares (75.00%); after the sale, their holding has dropped to just 1,50,000 shares (5.00%). Major selling entities include Bombay Mercantile & Leasing, Ashok Tulsyan HUF, Saras Commerce LLP, and Tulsyan Products LLP, all of which have fully exited. Only three promoter family members (Sanju, Anuja, and Sneha Tulsyan) retain any shares.
This is a near-complete promoter exit, with the controlling stake of 70% transferring to new buyers. Existing minority shareholders should expect a major change in management and board control. The stock may see significant price movement as the new acquirer takes charge, and shareholders should watch for any subsequent open offer or corporate actions from the incoming owner.