The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varsha Adhikari
Awaiting price reaction for this filing.
Ms. Annjana Dugar, a promoter of Iykot Hitech Toolroom Ltd, has sold her entire shareholding of 1,936,122 shares (18.66% of total share capital, 9.54% of diluted capital) through an off-market transfer on April 27, 2026. After the transaction, her holding has reduced to zero. The total transaction value appears to be Rs. 10,14,00,000 based on the filing. The mode of acquisition is listed as 'Off-Market Transfer', suggesting a private transaction rather than a public market sale.
This represents a complete exit by a promoter, reducing her stake from 18.66% to 0%. Such a large off-market transfer by a promoter could signal potential change in control or ownership restructuring, which may concern existing shareholders about future management stability.