The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Papita Nandi
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Papita Nandi, acting in concert with Premium Capital Market and Investment Limited, sold 600,000 equity shares of Sybly Industries Ltd on June 30, 2025 through an on-market transaction. The seller explicitly does not belong to the promoter or promoter group. Combined holding of the seller and PAC dropped from 995,000 shares (10.87%) to 395,000 shares (4.32%) of the company's equity capital, representing a 6.55 percentage point reduction. Encumbered (pledged) shares correspondingly fell from 995,000 to 395,000, as the shares sold were previously encumbered. The company's total equity share capital remains 9,156,653 shares of Rs. 10 each.
This is a non-promoter offloading of shares, so it does not directly signal promoter intent or concern about the company. The sharp drop from 10.87% to 4.32% combined holding may indicate portfolio reshuffling by the selling entity, but the small-cap nature and low liquidity mean the sale itself could pressure the stock price in the short term.