Promoter Sells 6,00,000 Shares in Open Market, Stake Down to 2.58%

Promoter Amarr Narendra Galla sold 6,00,000 shares (0.09%) in the open market on September 24, 2026.

Mon 28 Sep 2026

Shares Sold

6,00,000 shares

Percentage of Capital

0.09%

Previous Holding

1,86,00,000 shares (2.67%)

New Holding

1,80,00,000 shares (2.58%)

Date of Sale

September 24, 2026

What was disclosed

A disclosure under Regulation 29(2) of the SEBI Takeover Regulations was shared for a sale of shares by a promoter.

Details of the sale

• Seller: Amarr Narendra Galla, belonging to the promoter group
• Shares sold: 6,00,000 equity shares, 0.09% of share/voting capital
• Mode: Open Market
• Date of sale: September 24, 2026

Holding before and after

• Before: 1,86,00,000 shares, 2.67%
• After: 1,80,00,000 shares, 2.58%
• No shares encumbered, and no warrants or convertible securities held

Capital base

• Equity share capital / total voting capital of the company before and after the sale: 697,286,312

What it means for investors

This is a routine shareholding disclosure that promoters must make when their stake changes beyond the prescribed threshold. The quantum sold is small relative to total capital, and the promoter continues to hold 2.58% after the sale. Promoter selling is typically watched by investors as a signal of insider intent, though the reason for the sale is a matter for the seller.

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