Disclosure under 7(2) of SEBI PIT Regulations, 2015 for sale of Shares.
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Kore Foods Limited filed a Form C disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, reporting a sale of equity shares by Yasmin Abdullah Fazalbhoy (jointly with Abdullah Yousufali Fazalbhoy), a member of the promoter group. The promoter group's shareholding fell from 9.87% (25,310 shares) to 4.20% (25,285 shares) after the transaction. The sale of 25 shares (as per the form) was executed on 28 April 2025 via an off-market Share Purchase Agreement (SPA). The disclosure was signed by Shalini Lobo, Director of New Vision Group Holding Private Limited, on behalf of the promoter group. The filing was made with BSE under scrip code 500458.
This is a meaningful reduction in the promoter group's stake (from 9.87% to 4.20%), which could dilute promoter influence and may be interpreted negatively by retail investors as a potential signal of reduced promoter confidence or ongoing restructuring of holdings. The shares were sold off-market, so there was no direct impact on the stock price from this transaction.