The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Moreplus Merchants Pvt Ltd
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Moreplus Merchants Private Limited, a non-promoter entity, sold 8,08,060 equity shares (4.00% of paid-up capital) of Thirani Projects Ltd in the open market. The sale happened in two tranches: 2,00,099 shares (0.99%) between 14-21 August 2025, and 6,07,961 shares (3.01%) on 22 August 2025. Before the sale, the entity held 21,92,858 shares (10.85%); after the sale, its holding dropped to 13,84,798 shares (6.85%), crossing below the 10% SAST disclosure threshold. The filing under SEBI SAST Regulations was triggered by this drop below 10%. The company's total share capital remains unchanged at 2,02,12,875 equity shares of Rs. 10 each.
A previously significant (>10%) non-promoter shareholder has trimmed its stake sharply in the open market, taking it below the 10% mark. This could signal weaker long-term conviction by a major holder and may weigh on retail investor sentiment, though no promoter action is involved.