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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On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 3.7 pts less than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Navodya Enterprises along with persons acting in concert (Anandam Enterprises, SPV Traders, Sapna Gupta, Sachin Bansal, and Vivek Bansal) sold 29,133 shares (0.2013%) of SML Mahindra Ltd on 17 February 2026 through open market transactions. This brought down their combined holding from 13.0457% to 12.8444%. The acquirer group has clarified that it does not belong to the promoter/promoter group of the company. The disclosure was filed because the 2% change in holding crossed the reporting threshold under Regulation 29(2) for entities holding between 10% and 75% in a listed company.
This is a routine regulatory disclosure triggered by a relatively small reduction in stake by a non-promoter shareholder group. The 0.2% reduction is minor and unlikely to have a meaningful impact on the stock price, though it signals some trimming of exposure by a significant non-promoter holder.