This is to inform you that we have received the disclosure under Regulation 29(1) of the SEBI (SAST) Regulation 2011 dated 29/03/2026 from M/S Shanta Agencies Private Limited.
Awaiting price reaction for this filing.
Shanta Agencies Private Limited, a non-promoter entity, has disclosed an on-market sale of 1,98,38,761 equity shares (3.16% of the total share capital) of Alstone Textiles (India) Ltd, under SEBI SAST Regulation 29(1). The shares were sold in multiple tranches between 10 February 2026 and 27 March 2026, with individual lots ranging from 15 lakh to 4.25 crore shares. As a result, Shanta Agencies' holding in the company dropped from 5.23% (3,28,00,000 shares) to 2.07% (1,29,61,238 shares). Alstone Textiles has an equity share capital of Rs. 62,74,80,000 divided into 6,27,48,00,000 equity shares of Rs. 1 each, and the shares are listed only on BSE.
Since the seller is a non-promoter, non-FII shareholder, this does not change promoter control. However, a 3.16% stake sale on the open market over six weeks could create some short-term supply pressure on an already thinly-traded stock, potentially weighing on the share price.