The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nilesh Jobanputra
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Nilesh Jobanputra, a member of the promoter/promoter group of Zodiac Ventures Ltd, has sold 17,89,267 equity shares (2.16% of total share capital) through open market transactions on 17th October 2025. Before the sale, he held 55,00,497 shares representing 6.65% of the company; after the sale, his holding stands reduced to 37,11,230 shares or 4.49% of the share capital. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011 with BSE. The sale was executed entirely via open market route, and there is no mention of encumbrance or pledge-related activity.
This is a notable reduction by a promoter group member, bringing his individual stake below the 5% disclosure threshold. Such open market selling by a promoter can create negative sentiment among retail investors and may put short-term pressure on the stock price. Shareholders should monitor whether other promoter group members follow suit or if this signals broader changes in the promoter group's outlook on the company.