Key Quantitative Figures
- Number of securities to be traded: 17,063 equity shares
- Lower price limit for sell: ₹304 per security
- Closing price on day before submission: ₹379.30 per security
- DP ID/Client ID: 56376621
Dates of Action
- Trading plan submission date: October 08, 2026
- Trading plan approval date: October 09, 2026
- Trading execution period: February 08, 2027 to February 12, 2027
- Minimum waiting period: 120 calendar days from public disclosure before commencement
Parties Involved
- Insider: Mr. Manish Dileep Savant, Group Chief Regulatory Officer and Designated Person
- Compliance Officer: Mr. Bimal Kishore Nanda, Company Secretary and Compliance Officer (Membership No. ACS - 11578)
- Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
Trading Plan Details
- Nature of trade: Sell
- Execution method: Through Stock Exchange
- Price limit specification: Lower sell limit set at ₹304 per share, which is within regulatory requirement of up to 20% lower than closing price of ₹379.30
Undertakings and Conditions
- Trading plan is irrevocable once approved
- Mandatory implementation required without deviation except for permanent incapacity, bankruptcy, operation of law, or SEBI stipulations
- No trading allowed if UPSI is possessed during formulation and not generally available during implementation
- No overlapping with existing trading plans permitted
- Trading report must be submitted within two days of transaction execution
- Compliance with SEBI regulations and company policy confirmed
Financial Impact
The planned sale of 17,063 shares represents a potential transaction value of approximately ₹5.19 crore based on the minimum sell price of ₹304 per share, or approximately ₹6.47 crore based on the closing price of ₹379.30.