Non-promoter group sells 2.1% in Swashthik Plascon via open market
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On the reaction day the stock moved 14.2 pts more than Nifty Microcap 250 and 13.7 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sujathaa Mehta along with persons acting in concert, namely Shrreyans Mehta, Arihanth Mehta and Simran Sureshchand, who are not part of the promoter group, sold 4,08,000 equity shares (2.10% of paid-up capital) of Swashthik Plascon Limited through the open market. The sales were done in four tranches between 25 May 2026 and 23 July 2026. Their combined holding fell from 9.31% (18,12,599 shares) to 7.21% (14,04,599 shares) after the transactions. The disclosure has been filed under SEBI SAST Regulation 29(2).
Continued open market selling by a non-promoter shareholder group may add short-term supply pressure and signal weaker conviction in the stock.