The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lotus Family Trust
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Awaiting price reaction for this filing.
Lotus Family Trust (represented by Barclays Wealth Trustees India Pvt Ltd), a non-promoter shareholder, sold 9,29,087 equity shares of Tilaknagar Industries Ltd through open market transactions between 16 May 2025 and 26 May 2025. This reduced its stake from 6.14% (1,18,86,792 shares) to 5.66% (1,09,57,705 shares) of the voting capital. The Trust was originally allotted these shares in December 2021 at 7.67%, and the stake has since diluted due to capital changes. This Regulation 29(2) SAST disclosure was filed because the prior filing showed a 7.67% holding, triggering the need to disclose the change.
This is a relatively small reduction (just 0.48%) by a non-promoter family trust and is unlikely to have a material impact on the stock price. Shareholders should note that no promoter holding change is involved — this is purely an institutional/family trust portfolio rebalancing.