The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navodya Enterprises & PACs
SMLMAH · price
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Navodya Enterprises, along with Persons Acting in Concert (PACs) including Anandam Enterprises, SPV Traders, and Sachin Bansal, sold 9,923 shares (0.0686%) of SML Mahindra Ltd in an open market transaction on 20.05.2026. The combined holding decreased from 10.8696% to 10.8010% as a result of this sale. Navodya Enterprises has explicitly stated it does not belong to the Promoter/Promoter group. The transaction triggered disclosure requirements under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The total share capital of SML Mahindra remained unchanged at INR 144,716,460 (14,471,646 shares of face value INR 10 each).
This is a minor share sale by a non-promoter entity holding just above 10%. While the percentage is small, the sale triggered regulatory disclosure as the holding dropped below a reporting threshold. The impact on the stock is likely neutral to slightly negative as it represents selling pressure from a significant shareholder, though the scale is minimal.