Key Details of Proposed Sale
- Promoter Mr. Shrish Tapuria intends to sell 10,00,000 equity shares (face value of Re. 1/- each)
- This represents 0.65% of the total paid-up equity share capital of the company
- Sale will be executed through stock exchanges via open market route
- Transaction date: Tuesday, 30th June, 2026
Purpose and Background
The proposed sale is solely for achieving Minimum Public Shareholding (MPS) compliance as mandated under SCRR and Listing Regulations. This transaction is part of the company's overall plan to achieve MPS requirements, though it alone will not fulfill the entire obligation. The company intends to utilize other permissible methods prescribed under SEBI regulations to fully comply.
Undertakings and Compliance Measures
- Promoter has provided written undertaking confirming he will not purchase or acquire any equity shares in the open market on the date of proposed sale (June 30, 2026)
- Company will ensure compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
- Company will ensure compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- The undertaking is dated June 29, 2026 and annexed as Annexure-A
Note on MPS Compliance
The proposed open market sale of up to 2% of paid-up equity share capital through this method is part of the overall MPS compliance plan, but this specific transaction of 0.65% will not fulfill the entire MPS obligation.
Corporate Contacts
Corporate Office: Martin Burn Business Park, 17th Floor, Unit No. 517 & 518, Sector V, Saltlake City, Kolkata - 700091
Delhi Office: 5th Floor, Office No: 1704, Unit 3, Block BP, Le-Meridian Commercial Complex, Raisina Road, New Delhi - 110001