The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Parthrajsinh Rana
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Parthrajsinh Harshadsinh Rana, part of the promoter/promoter group of Swojas Foods Ltd, sold 5,80,997 equity shares (1.87% of total share capital) through the open market on May 20, 2025. Before the sale, his holding stood at 26,69,743 shares (8.62%), and after the sale it reduced to 20,88,746 shares (6.75%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, as the promoter crossed the 1% sale reporting threshold.
A promoter reducing stake by nearly 2% via open market sale may be viewed negatively by retail investors as it signals the promoter is cashing out. However, post-sale the promoter still holds 6.75%, so control of the company is not threatened.