The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jignesh Amrutlal Thobhani & Others
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Awaiting price reaction for this filing.
A group of shareholders acting in concert (Jignesh Amrutlal Thobhani, Amrutlal Gordhandas Thobhani, Varshaben Jigneshkumar Thobhani, and two HUFs) sold 1,92,000 equity shares of Solvex Edibles Ltd in the open market across three trading days (03/02/2026: 43,200 shares; 04/02/2026: 62,400 shares; 05/02/2026: 86,400 shares). Their collective holding dropped from 6,03,200 shares (6.74%) to 4,11,200 shares (4.59%), a reduction of 2.14%. Importantly, the filing explicitly states these sellers do NOT belong to the Promoter/Promoter Group, meaning this is a non-promoter, non-encumbrance sale. The company's total share capital remains 89,51,970 equity shares of Rs. 10 face value.
The sellers have crossed below the 5% reporting threshold, moving from 6.74% to 4.59% — further sales may attract fewer disclosure obligations but could create short-term overhang pressure on the stock as 1.92 lakh shares were offloaded in three consecutive sessions.