The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhishek Poddar
SIYSIL · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Abhishek S. Poddar, classified as a promoter of Siyaram Silk Mills Limited, sold 2,00,000 equity shares (0.44% of the company's share capital) through an open market transaction on 5th June 2026. Prior to the sale, he held 2,00,077 shares (0.44%); after the sale, his holding has come down to just 77 shares — effectively a near-complete exit from the company. The total equity share capital of Siyaram Silk Mills remains unchanged at Rs. 9.07 crore divided into 4.53 crore equity shares of Rs. 2 each. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
A promoter trimming his stake to nearly zero can be viewed as a negative sentiment signal by retail investors, though the absolute size of the sale (0.44%) is small and unlikely to materially affect the stock price on its own. Investors should watch whether other members of the promoter group follow suit.