The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mukul Agrawal
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.3 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mukul Agrawal, Partner of Param Value Investments, sold 10,12,500 equity shares (4.647%) of Siyaram Recycling Industries Ltd through open market transactions between April 23, 2026 and May 25, 2026. Following the sale, his holding reduced from 6.138% (13,37,500 shares) to 1.492% (3,25,000 shares). The transaction was executed in the open market and the total equity capital of the company remains unchanged at 2,17,89,212 shares of Rs.10 each. Mukul Agrawal is not a promoter or person acting in concert with any promoter group.
This represents a significant reduction in a substantial shareholder's stake, indicating possible exit or portfolio rebalancing by Param Value Investments. The sale of over 4.6% stake in the open market could exert mild downward pressure on the stock price in the short term.