The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Yamnadutt Agrawal
Awaiting price reaction for this filing.
Amit Yamunadutt Agrawal, Promoter and Managing Director of Kashyap Tele-Medicines Limited, sold 5,00,000 equity shares (1.05% of paid-up capital) on May 15, 2025 through an off-market transaction. After this sale, his holding in the company stands at NIL across all categories — shares, encumbered shares, voting rights, and convertible instruments. This disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011. The company's total equity share capital remains 4,77,22,000 shares post-transaction.
This is a significant negative signal — the promoter has fully exited the company, leaving zero residual stake. Retail investors may view this as a vote of no-confidence from the promoter, which could put short-term pressure on the stock and raise corporate governance concerns.