Disclosure under Reg 29(2) of SEBI (SAST) Regulation 2011
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Promoter Rushabh Hitendra Shah, belonging to the promoter group, sold 2,000 equity shares (about 0.01% of the company's paid-up capital) of Three M Paper Boards Ltd through an open market transaction on November 20, 2025. Before the sale, he held 14,35,000 shares (7.45%), and after the sale, his holding stands at 14,35,000 shares (7.46%) of the company's equity share capital of 19,23,73,600 shares. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations to report this change in promoter shareholding.
This is a very small, routine sale by an individual promoter and is unlikely to have any material impact on the stock price or overall promoter control. The promoter's stake remains well below 50%, indicating no concerns about change in management or control.