The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashim Kumar Patawari
Awaiting price reaction for this filing.
Ashim Kumar Patawari, part of the promoter group of Bijoy Hans Ltd, has sold his entire holding of 49,200 equity shares (0.66%) through an off-market transaction on August 8, 2025, reducing his stake to 0%. The sale was executed pursuant to a Share Purchase Agreement dated December 26, 2024, and is being disclosed under Regulation 29(2) of SEBI's Takeover Regulations. Notably, the company's total equity share capital expanded from 30,00,021 shares to 75,00,021 shares (a 2.5x increase) — suggesting a recent equity issuance that diluted the promoter out. Because the sale is off-market and structured via a pre-agreed SPA, it is an arranged transfer rather than open-market selling pressure.
Negative signal — promoter has fully exited the company, removing skin-in-the-game. However, since the exiting stake was very small (0.66%), the direct price impact is likely limited, though it may raise concerns about future promoter commitment and the circumstances of the recent share capital expansion.