The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Visagar Financial Services Ltd
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Visagar Financial Services Ltd, a non-promoter entity, has disclosed sale of 2,55,027 equity shares (2.78%) of Sybly Industries Ltd through open market transactions between May 14 and May 20, 2025. After the sale, Visagar's holding in Sybly Industries dropped from 12.75% (11,68,027 shares) to 9.97% (9,13,000 shares), taking it below the 10% mark. The shares were sold in five tranches ranging from 34,404 to 78,000 shares on different days. The equity share capital of Sybly Industries remained unchanged at 91,56,653 shares of Rs.10 each.
This is a non-promoter reducing its stake below 10%, which may create mild negative sentiment as a notable shareholder is exiting, but the sales were spread over a week suggesting orderly unwinding rather than panic selling. Retail investors should note reduced institutional/non-promoter interest in the stock.