Disclosure under Reg 7(2) of SEBI PIT Regulations, 2015 for Sale of Shares.
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On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.8 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kore Foods Limited (BSE: 500458) disclosed that its promoter, New Vision Group Holding Private Limited, sold 1,10,000 equity shares via an off-market transaction under a Share Purchase Agreement on March 29, 2025, valued at approximately ₹2.196 crore. Post-sale, the promoter's holding dropped from 6.44% (16,52,800 shares) to 5.99% (15,42,860 shares), a decline of about 0.45 percentage points. The disclosure was filed under Regulation 7(2) of SEBI's Insider Trading Regulations, 2015, and signed by Sachin Rane, Additional Director. Note: the document identifies the company as Kore Foods Limited, not Team24 Consumer Products Ltd as in the headline.
A small trimming of promoter stake via a private off-market deal — retail investors may note reduced promoter skin in the game, but the 0.45 percentage point drop is modest and unlikely to materially affect share price or control dynamics.