The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asha Nanda
Awaiting price reaction for this filing.
Asha Nanda, a promoter/promoter group member of JMG Corporation Ltd, sold 2,50,000 shares (1.08% of equity) via an off-market transaction on May 29, 2025. Her holding dropped from 9,40,789 shares (4.06%) to 6,90,789 shares (2.98%) of the company's voting capital. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The total equity share capital of the company remains at Rs. 5.79 crore, divided into 2,31,57,895 shares of Rs. 2.50 each. No encumbrance (pledge) activity was reported in this filing.
A promoter off-market sale reducing their stake by over 1% may be viewed negatively by retail investors as it signals reduced promoter confidence. Investors should watch for further promoter stake disclosures and any related-party details of the off-market transaction.