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 10,94,808 equity shares (5.42%) of Thirani Projects Ltd through open market transactions on August 25 and August 26, 2025. The seller previously held 13,84,798 shares (6.85%) and now holds only 2,89,990 shares (1.43%) after the disposal. Shares were sold in two tranches — 5,15,882 shares (2.55%) on August 25 and 5,78,926 shares (2.87%) on August 26. The total share capital of the company remains unchanged at 2,02,12,875 equity shares. No encumbrance (pledge/lien) activity is involved in this transaction.
This is a significant share sale by a non-promoter shareholder who has reduced its stake from 6.85% to 1.43%, exiting almost entirely from the company. Such large open-market selling over two consecutive days could create short-term selling pressure on the stock, though the impact is limited since the seller is not a promoter.