The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padam Dugar & Others
Awaiting price reaction for this filing.
Promoters Padam Dugar, P Annjana Dugar, and Shruti P Dugar of Dugar Housing Developments Ltd have sold their entire stake in the company via an off-market Share Purchase Agreement (inter-se transfer) between 21 November 2025 and 23 December 2025. The combined promoter holding dropped from 98,199 shares (1.01% of total equity) to just 250 shares (0.00%), meaning the promoter group has effectively exited the company. The equity share capital remains unchanged at ₹9.70 crore (97 lakh equity shares of ₹10 each). This is a disclosure under Regulation 29(2) of SEBI's SAST Regulations, 2011, filed with BSE.
This is a significant signal — the promoter group has gone from a tiny 1% stake to near-zero, effectively exiting the company entirely. For retail shareholders, this means there's no promoter skin-in-the-game left, which is generally viewed as a negative governance signal and could weigh on investor sentiment.