The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gangavaram Shailaja
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On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 5.7 pts less than its Telecommunication peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gangavaram Shailaja, identified as part of the Promoter/Promoter Group of Telogica Ltd, has filed a disclosure under SEBI Takeover Regulations for a market sale on BSE. Her total shareholding stood at 5,89,918 shares before the transaction and fell to 5,89,117 shares after, indicating a disposal of roughly 801 shares. Separately, the number of shares shown as encumbered (pledged/lien) also dropped from 2,16,685 to 2,11,685, a reduction of about 5,000 shares, suggesting some encumbrance was released around the same time. The mode of sale is noted as 'Market' and the equity/voting capital of the company before and after the sale is not clearly specified in the filing.
This is a routine SAST disclosure by a promoter for a small market sale of around 801 shares, with a concurrent reduction in pledged/encumbered shares. The transaction is too small to materially affect shareholding pattern or stock price, though it reflects minor unwinding by an individual promoter.