The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IT Village.com Pvt Ltd
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IT Village.com Private Limited, part of the promoter/promoter group of Southern Latex Ltd, has sold its entire holding of 3,58,037 shares (4.86% of the company) through the open market on 6th March 2026. After this disposal, the entity's holding in Southern Latex has gone from 4.86% to zero. The transaction was disclosed under SEBI (SAST) Regulation 29(2) on 9th March 2026 to BSE. The company's total share capital remains unchanged at 7,35,92,000 equity shares.
A complete exit by a promoter group entity is a negative signal for retail investors, as it indicates a loss of confidence from insiders. This may put short-term pressure on the stock price due to the supply of shares hitting the market, though the 4.86% size is relatively small in absolute terms.