The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shon Antony Sequeira & PACs
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Awaiting price reaction for this filing.
Shon Antony Sequeira, along with Persons Acting in Concert (Sarita Sequeira, Rajshekhar Cadakketh Rajasekhar Nair, Suseela Rajasekharan Nair, and Lakshmi Rajashekharan Nair), filed a disclosure under SEBI SAST Regulation 29(2) and Insider Trading Regulation 7(2) for an off-market sale on 19 May 2025. The promoter group's aggregate holding fell from 10,08,00,740 shares (74.78% of total share capital) to 8,58,00,740 shares (63.66%), a drop of about 1.50 crore shares or roughly 11 percentage points. The specific disposal disclosed by Shon Sequeira was 5,26,760 equity shares (0.39% of total / 0.32% of diluted capital), with the balance reduction coming from other promoter group members, primarily Sarita Sequeira. The total paid-up equity capital of the company is 13,47,89,000 shares of Re. 1 each, and the promoter group continues to hold warrants convertible into 2,96,00,000 additional shares.
Promoter group is trimming its stake meaningfully but retains majority control at 63.66%, so no risk of change in management. The off-market mode suggests a private, negotiated transfer rather than open-market pressure on the stock price.