Sheshadri Industries Limited received and forwarded a disclosure from Westend Developers Limited regarding disposal of shares in the company, in compliance with Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Quantitative Figures
- Number of shares disposed: 237,981 equity shares
- Percentage of total share/voting capital: 4.80%
- Total equity share capital of Sheshadri Industries: ₹4,95,95,770 divided into 49,59,577 equity shares of ₹10 each
Parties Involved
- Target Company: Sheshadri Industries Limited (Scrip Code: 539111)
- Seller: Westend Developers Limited
- Stock Exchange: BSE Limited
- Signatory for Westend Developers: Anand Gupta, Director
- Signatory for Sheshadri Industries: Rozie Sushant Mukharjee, Company Secretary and Compliance Officer
Ownership Status
Westend Developers Limited confirmed it does NOT belong to the Promoter/Promoter group of Sheshadri Industries Limited.
Shareholding Impact
- Pre-disposal holding: 237,981 shares (4.80% of total voting capital)
- Post-disposal holding: 0 shares (0% of total voting capital)
- The total voting capital of Sheshadri Industries remains unchanged at 49,59,577 equity shares
Additional Details
- No shares were held in encumbrance (pledge/lien/non-disposal undertaking)
- No warrants/convertible securities or other instruments were held
- The disclosure was filed in the prescribed format under Regulation 29(2)