Submission of Disclosure u/r 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011.
Awaiting price reaction for this filing.
Dewan Motors Investment & Finance Ltd, a non-promoter entity, disclosed the sale of 160,890,858 equity shares (2.56%) of Alstone Textiles (India) Ltd through open market transactions between October 2025 and April 2026. Before the transactions, Dewan Motors held 381,850,000 shares (6.08%). After the sale, its holding reduced to 220,959,142 shares (3.52%). The sale spanned multiple dates, with the largest transaction on 22.04.2026 involving 38,100,000 shares (0.61%). Dewan Motors is not part of the promoter or promoter group of Alstone Textiles.
A non-promoter shareholder has reduced its stake by over half, selling from 6.08% to 3.52%. This is a reduction of 2.56 percentage points, which could signal a loss of confidence or portfolio rebalancing by a significant shareholder.