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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Pradeep Sanghvi, part of the promoter group of Sterling Powergensys Limited, sold 11,961 equity shares on 18 March 2026 through the open market. This reduced his holding in the company from 196,961 shares (3.74% of voting capital) to 185,000 shares (3.52% of voting capital), a decline of 0.23 percentage points. The company's total equity share capital remained unchanged at 52,62,632 shares of Rs. 10 each. The transaction was disclosed under Regulation 29(2) of SEBI's Takeover Regulations, which mandates reporting of any acquisition or sale of 2% or more of a company's shares, though in this case the sale size is smaller.
This is a minor open-market sale by a promoter group member, representing only 0.23% of the company's voting capital. Such small reductions in promoter holdings are usually not material for the stock price, though they may be tracked by investors monitoring promoter confidence in the company.