The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayant Himatlal Joshi
Awaiting price reaction for this filing.
Jayant Himatlal Joshi, a non-promoter shareholder of Avi Products India Ltd, has disclosed the sale of 76,030 equity shares (2.2992% of the company's paid-up capital) via an off-market transaction on January 30, 2026. Before the sale, he held 76,030 shares (2.2992%), and after the sale, his holding stands reduced to zero shares — meaning he has completely exited his entire stake in the company. The disclosure is filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011. The company's total equity capital remains unchanged at Rs. 3.30 crore divided into 33,06,802 shares of Rs. 10 each.
Since the seller is not part of the promoter group, this does not directly affect promoter holding or control of the company. However, a non-promoter completely offloading a ~2.3% stake off-market may indicate a private negotiated deal and could marginally influence float on the exchanges. For retail investors, this should be viewed as a non-promoter portfolio exit rather than a signal about the company's prospects.