The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalit Kumar Gupta & Others
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The entire promoter group of Source Industries (India) Ltd — Lalit Kumar Gupta, Ritesh Kumar Gupta, Lakshmi Gupta, Akshay Kumar Gupta, and Adarsh Kumar Gupta — has disposed of all their 14,86,210 equity shares, representing 13.03% of the company's share capital. The sale was executed off-market through a Share Purchase Agreement on 25 July 2025. Prior to the disposal, the five promoters collectively held 13.03% (14,86,210 shares), and after the transaction their combined holding stands at NIL. The company's total equity capital is 1,14,03,110 shares of Rs.10 each (approximately Rs. 11.40 crore). The disclosure was filed under SEBI SAST Regulation 29(2) on 28 July 2025.
This is a complete promoter exit — the existing promoter group now holds zero stake in the company, which is a significant negative signal for retail investors. Shareholders should expect potential governance and control changes, and the stock may see volatility as the new buyer(s) take ownership.