The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jignesh Amrutlal Thobhani
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Jignesh Amrutlal Thobhani, along with persons acting in concert (family members and HUFs), sold 2,64,000 equity shares (2.95% of total share capital) of Solvex Edibles Ltd in the open market. The sales were executed in two tranches: 1,84,000 shares on 20/01/2026 and 80,000 shares on 21/01/2026. The seller is explicitly classified as a non-promoter/non-promoter group entity. His holding reduced from 9.69% (8,67,200 shares) to 6.74% (6,03,200 shares) post-sale. The total share capital of the company stands at 89,51,970 equity shares of Rs. 10 face value.
This is a non-promoter shareholder reducing their stake through open market sales, which could create mild short-term supply pressure on the stock. However, since the seller is not part of the promoter group, it is generally less concerning for long-term shareholders than a promoter exit would be.