Disclosure under regulation 29(2) of SAST Regulations, 2011
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Awaiting price reaction for this filing.
Kriyansh Gold Private Limited, a non-promoter entity, has sold 65,56,988 equity shares (6.94%) of Vivid Mercantile Limited through open market transactions between 26 December 2025 and 2 February 2026. Before this sale, Kriyansh Gold held 1,30,49,553 shares (13.02%), and after the sale its holding stands at 64,92,565 shares (6.48%). The filing has been submitted under SEBI Takeover Regulations, 2011, since the entity is a substantial shareholder whose holding has crossed below the 10% threshold. The total equity share capital of Vivid Mercantile remains unchanged at 10,02,56,400 shares.
A large non-promoter shareholder has exited nearly half of its stake, which means reduced demand overhang and a significant holder dropping below the 10% substantial-shareholder mark. This could be seen as a positive supply-side clearing event, though the sustained selling over six weeks may have created downward pressure on the stock.