Promoter sells 1,30,000 shares (0.88%) in open market; holding down to 31.82%

Promoter Madhav Jayesh Valia sold 1,30,000 equity shares (0.88%) on BSE on 28-September-26 for 1,23,37,650 (traded value).

Tue 29 Sep 2026

Shares Sold

1,30,000 equity shares (0.88%)

Promoter Stake Before

48,31,272 shares (32.70%)

Promoter Stake After

47,01,272 shares (31.82%)

Transaction Date

28-September-26

Traded Value

1,23,37,650

What happened

Promoter Madhav Jayesh Valia sold shares of the company in the open market on BSE, and disclosed it under SEBI takeover and insider trading rules.

The numbers

• Before: 48,31,272 shares, 32.70% of voting capital
• Sold: 1,30,000 shares, 0.88%
• After: 47,01,272 shares, 31.82%
• Traded value: 1,23,37,650 (excluding taxes, charges and other levies)
• Total equity capital before and after: 1,47,74,221 equity shares

Details

Mode of transaction was an open market sale, dated 28-September-26, executed on BSE. No encumbrance was reported on the shares held.

How to read it

A promoter reducing stake is often watched closely by investors as a signal of promoter intent, though the reason for the sale is a personal decision of the shareholder. The change here is a reduction of 0.88% of the company's total capital, and the promoter continues to hold 31.82%. The company's share capital is unchanged, so this is a transfer of existing shares, not a fresh issue, and no money comes into the company.

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