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 4.6 pts less than Nifty Microcap 250 and 4.2 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 3,15,000 equity shares (0.69% of paid-up capital) through an open market transaction on 23rd March 2026. His shareholding declined from 5,15,077 shares (1.14%) to 2,00,077 shares (0.44%) following the sale. The disclosure is filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011, with shares having a face value of Rs. 2 each, listed on both BSE and NSE. No encumbrance (pledge) details were reported in the disclosure.
This is a relatively small promoter offload (under 1%) and unlikely to materially affect the stock price. However, retail investors should watch for any further promoter selling, as repeated offloads could indicate reduced promoter confidence in the near-term valuation.