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, has sold 6,09,726 equity shares (3.02%) of Thirani Projects Ltd in the open market between August 11 and August 13, 2025. The sale comprised 3,60,000 shares (1.78%) sold on August 11-12 and 2,49,726 shares (1.24%) sold on August 13. Before the sale, Moreplus Merchants held 28,02,584 shares (13.87%), which has now reduced to 21,92,858 shares (10.85%). The transaction was carried out in the open market and the entity does not belong to the promoter/promoter group of the company.
A non-promoter shareholder reducing its stake from 13.87% to 10.85% in a small-cap stock could create mild supply pressure in the near term, but the open-market nature and gradual selling suggest an orderly exit rather than a distressed dump. Retail investors should monitor for any further disclosures if Moreplus Merchants crosses below the 10% threshold.