Disclosure under Regulation 7(2) of SEBI PIT Regulations, 2015 for Sale of Shares.
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Awaiting price reaction for this filing.
Kore Foods Limited has disclosed that Yasmin Abdulla Fazalbhoy (jointly with Abdulla Yousufali Fazalbhoy), a member of the Promoter Group, has sold nearly their entire holding of 25,279 equity shares through an off-market transaction under a Share Purchase Agreement on April 28, 2025. Post-sale, their holding dropped from 25,310 shares (9.87%) to just 31 shares (0.02%). The disclosure was filed under SEBI PIT Regulation 7(2) by New Vision Group Holding Private Limited on behalf of the promoter group. This represents a near-complete exit by this promoter group entity from the company.
This is a significant promoter group stake sale of nearly 9.85%, which could be seen negatively by retail investors as it signals the promoter group's exit. However, since the sale was executed off-market via an SPA (not on the open market), it avoids immediate downward pressure on the stock price. Investors should watch for further disclosures to understand who bought the stake and whether the overall promoter holding remains stable.