The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pradeep Sanghvi
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On the reaction day the stock moved 11.1 pts more than Nifty Microcap 250 and 12.7 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pradeep Gorakhchand Sanghvi, a member of the promoter group of Sterling Powergensys Ltd, sold 17,929 equity shares in the open market on 25 March 2026. This reduced his individual holding from 177,929 shares (3.38%) to 160,000 shares (3.04%) of the company. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations. The total share capital of the company remained unchanged at 52,62,632 equity shares of Rs. 10 each.
This is a small open-market sale by a single promoter group member, reducing his personal stake by just 0.34%. The change is too minor to meaningfully affect share price or signal any shift in promoter confidence in the company.