Submission of disclosure u/r 29(2) of SEBI(SAST) Regulation 2011.
Awaiting price reaction for this filing.
Sunshine Capital Ltd has informed BSE about a disclosure received from Intellectual Builders Pvt. Ltd., a non-promoter entity, regarding the sale of equity shares of the company in the open market. Before the disposal, Intellectual Builders held 37,05,56,652 shares (7.08% of voting capital). It sold 19,65,00,000 shares (3.76%) across two days – 9,85,00,000 shares (1.88%) on 01.09.2025 and 9,80,00,000 shares (1.87%) on 02.09.2025. After the sale, its holding has come down to 17,40,56,652 shares (3.32%) of the total equity share capital of 52,29,17,200 shares of Re. 1 each. The transaction was carried out entirely through open-market routes and there are no encumbered shares involved.
This is a non-promoter shareholder reducing its stake from above 5% to below 5%, which is a routine regulatory disclosure and not indicative of any change in promoter control. The large open-market sale could create short-term selling pressure on the stock, but no direct impact on promoter holding or company fundamentals is evident from this filing.