The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sandesh Jaju
Awaiting price reaction for this filing.
Sandesh Jaju, a non-promoter shareholder of BJ Duplex Boards Limited, sold 9,45,000 equity shares (4.96% of paid-up capital) through an off-market transfer on 23 February 2026. His holding in the company has dropped sharply from 10,00,000 shares (5.25%) to just 55,000 shares (0.28%), effectively near-exiting his position. The total share capital of the company remains 19,028,500 equity shares. The disclosure was filed under SEBI's Takeover Regulations, which require reporting of any acquisition or disposal crossing 2% of a company's share capital.
This is a major reduction by a non-promoter holder moving from 5.25% to just 0.28%, signaling a near-complete exit. For retail investors, this could indicate the seller had reasons to offload the stake, though since the transfer was off-market, no price impact on the stock is expected from this transaction itself.