The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Rajnikant Shah
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Promoter Niraj Rajnikant Shah has sold 64,41,830 equity shares (7.79% of the paid-up capital) of Zodiac Ventures Ltd through open market on September 2 and September 3, 2025. His holding has dropped from 1,18,80,737 shares (14.37%) to 54,38,907 shares (6.58%) of the company. The disposal was carried out solely via the open market route, with no encumbered shares involved. The company has a total equity capital of Rs. 8,26,98,000 divided into 8,26,98,000 equity shares of Rs. 1 each.
This is a sizeable promoter stake sale (nearly halving his existing 14.37% holding) which could create negative short-term sentiment among retail investors, as large open-market exits by promoters are often viewed with caution regarding the company's prospects or the promoter's financial priorities.