The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navodya Enterprises
SMLMAH · price
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Awaiting price reaction for this filing.
Navodya Enterprises, along with persons acting in concert (Anandam Enterprises, SPV Traders, Sapna Gupta, Sachin Bansal, Vivek Bansal), sold 9,751 shares (0.0674%) of SML Mahindra Ltd (formerly SML Isuzu) in the open market on 22 December 2025. The sale reduced their combined holding from 15.0539% to 14.9865%, crossing below the 15% mark and triggering a disclosure under SEBI's takeover regulations. The seller is explicitly identified as NOT belonging to the promoter/promoter group. Total share capital of the company remained unchanged at 1,44,71,646 equity shares of face value Rs 10 each.
This is a small, non-promoter stake sale (just 9,751 shares) and is unlikely to have any meaningful impact on the stock price. However, investors should note that a non-promoter entity now holds just under 15% in the company, meaning it has crossed below an important regulatory threshold and any future buying back above 15% would trigger fresh disclosure and possibly open offer obligations.