BSESterling Powergensys LtdMinimalNeutral
Announced Mon, 23 Mar · 18:56 IST

Disclosure from Mr. Pradeep Sanghavi

Price

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Price reaction · full curve 14 horizons · vs prior close
-7.4%1-day move
₹19.90
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-7.4-10.1-2.8-4.5-6.8+0.4+59.6+111.6+50.3+71.2
Up moveDown movePending
AI summary

Mr. Pradeep Gorakhchand Sanghavi, a member of the promoter group of Sterling Powergensys Limited, has sold 11,961 equity shares of the company in the open market on 18 March 2026, for a total value of Rs. 2,29,411.98. Prior to the sale, he held 196,961 shares (3.74% stake), and after the sale his holding has come down to 185,000 shares (3.52% stake). The total equity share capital of the company stands at 52,62,632 shares of Rs. 10 each, which remains unchanged. The disclosure was filed under both SEBI Insider Trading Regulations and SEBI Takeover Regulations through Form C. The Managing Director, Mr. Sankaran Venkata Subramanian, has acknowledged the disclosure to BSE.

Likely market impact

This is a minor promoter group share sale (only 0.23% reduction in stake) and is unlikely to have a meaningful impact on the stock price. However, retail investors often view small open-market sales by promoter group members with mild caution as it can signal the promoter's own views on current valuation levels.