The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shobha Anant Hegde
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shobha Anant Hegde, a promoter of Sparc Electrex Ltd, sold 1,15,000 fully paid-up equity shares in the open market on 10 December 2025. Her individual holding dropped from 6,04,056 shares (3.09%) to 4,89,056 shares (2.50%), a reduction of 0.59% of voting capital. Combined with Persons Acting in Concert (Shobith Hegde, Electrex International Pvt Ltd, and Electrex Power Tools Pvt Ltd), the promoter group's holding fell from 53,02,586 shares (27.12%) to 51,87,586 shares (26.53%). The disclosure was filed under SEBI SAST Regulations and Insider Trading Regulations. The company's total outstanding shares stand at about 1.95 crore, comprising fully paid and partly paid-up equity shares.
A promoter selling shares in the open market is generally viewed cautiously by retail investors, as it may signal reduced promoter confidence or personal liquidity needs. However, the sale is small (0.59% of capital) and the promoter group still holds a meaningful 26.53% stake, so the immediate impact on stock price is likely limited.