The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mukesh Sukhani HUF & Others
Awaiting price reaction for this filing.
Mukesh Kumar Sukhani HUF, along with Mukesh Kumar Sukhani (Karta) as a Person Acting in Concert, has filed a Regulation 29(2) disclosure showing their combined holding in Peoples Investments Ltd fell from 7.42% (14,835 shares) to 4.91% (9,818 shares) – a net reduction of 5,017 equity shares (2.51%) via open market transactions. The trades were executed over a long window, between 11 October 2024 and 2 March 2026, with the HUF's stake dropping from 6.97% to 4.88% and the Karta's stake from 0.45% to 0.03%. The filing explicitly states the acquirer does NOT belong to the promoter/promoter group. The total equity base of the company is very small at 2,00,000 shares of Rs. 10 each (Rs. 20 lakh capital).
This is a non-promoter gradually trimming a meaningful stake over 17 months, which may keep mild supply-side pressure on this thinly-traded stock but does not signal any company-level event. Since the seller is not a promoter, the change does not affect promoter control or governance.