The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Daksha Avinash Vora
Awaiting price reaction for this filing.
Mrs. Daksha Avinash Vora, a promoter of Avi Products India Ltd, has sold her entire stake of 1,57,340 equity shares (4.76% of total share capital) through an Open Offer via a Share Purchase Agreement. The transaction was executed on April 10, 2026. Prior to the sale, she held 4.76% of the company's voting rights. After the transaction, her holding has reduced to zero, representing a complete exit from the company. The company's total share capital is Rs. 3,30,68,020 divided into 33,06,802 equity shares of Rs. 10 each.
This is a significant negative development as a promoter has completely exited the company, reducing their holding from 4.76% to 0%. Complete promoter exit may signal lack of confidence in the company's prospects and could create negative sentiment among retail investors.