The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Seetha Lakshmi Pitchandi
Awaiting price reaction for this filing.
Seetha Lakshmi Pitchandi, a member of the promoter group of Senthil Infotek Ltd, sold her entire stake of 5,48,200 equity shares (10.86% of total equity capital) on April 25, 2025, through an off-market transaction. The total consideration received was ₹30,15,100, which works out to roughly ₹5.50 per share, well below the face value of ₹10. Following this sale, her shareholding in the company has dropped from 10.86% to 0%, meaning a complete exit from the company. The total equity capital of Senthil Infotek stands at 50,50,000 shares of ₹10 each. The transaction was disclosed to BSE on April 26, 2025, in compliance with SEBI's substantial acquisition and takeover regulations.
This is a significant promoter group exit, with the seller liquidating her entire stake in one transaction at a price below face value, which is a negative signal for retail investors. The off-market nature and steep discount may indicate a private deal with a known buyer rather than open-market sentiment, but the complete exit could weigh on investor confidence in the stock.