Major promoter and SAST transactions on BSE include share pledges, revocations, inter-se transfers, and open market deals.
Promoters and SAST Acquirers Report Significant Shareholding Changes on BSE
Mumbai, July 4, 2025:
Recent filings with the Bombay Stock Exchange (BSE) indicate a wave of shareholding activity by promoters and significant acquirers under SAST (Substantial Acquisition of Shares and Takeovers) regulations. From pledges and revocations to open market deals and inter-se transfers, several companies saw notable shifts in equity ownership over the past few days.
Let’s take a closer look at some of the key developments across BSE-listed companies.
Promoter Transactions: Pledge, Buy, Sell & Revoke
Ravindra Energy Ltd (RELTD)
KHANDEPAR INVESTMENTS PRIVATE LIMITED, a promoter group entity, reported a pledge of 55 lakh shares, amounting to a transaction value of ₹73.42 crore. The total promoter holding before and after the pledge remains unchanged at 34.65% or 6.18 crore shares.
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Midwest Gold Ltd (MIDWEST)
Promoter Rama Raghava Reddy Kollareddy executed a sale of 9.2 lakh shares. This move brought down his stake from 62.74% to 54.41%, reducing his total holding by 8.33 percentage points.
Signpost India Ltd (SIGNPOST)
Promoter activities intensified with contrasting moves:
- Pramina Suchanti sold her entire holding of 68,926 shares, exiting the company completely.
- Meanwhile, Kemparaju Singepalya Rangaiah acquired 63,895 shares, increasing his stake from 1.39% to 1.51%, indicating continued promoter interest in the company.
Wardwizard Innovations & Mobility Ltd (WARDINMOBI)
Promoter Yatin Sanjay Gupte revoked a pledge of over 61 lakh shares, worth ₹9.47 crore. This did not change his total holding of 6.07 crore shares, maintaining a 23.32% stake.
SAST Filings: Noteworthy Acquisitions & Sales
SAST disclosures under SEBI’s Regulation 29 revealed multiple transactions involving both promoter and non-promoter entities.
GP Petroleums Ltd (GULFPETRO)
Nivaya Resources Pvt. Ltd., a promoter entity, sold 35,000 equity shares via open market transactions. Post-sale, its shareholding stood at 1.36%, indicating a marginal reduction under Reg 29(2).
Mangalam Cement Ltd (MANGLMCEM)
Two promoter entities participated in inter-se transfers, reflecting internal restructuring:
- Rambara Trading Pvt. Ltd. acquired 2.5 lakh shares, increasing its stake to 34.75 lakh shares (0.91% gain).
- Vidula Consultancy Services Ltd also acquired 2.5 lakh shares, lifting its total to 44.91 lakh shares (0.91% gain).
Medi Assist Healthcare Services Ltd (MEDIASSIST)
ICICI Prudential Mutual Fund, a non-promoter institution, acquired 1.66 lakh equity shares under Reg 29(1). The fund now holds 35.51 lakh shares, accounting for a 0.24% stake in the company.
Prism Johnson Ltd (PRSMJOHNSN)
In a large-scale transaction, SBI ELSS Tax Saver Fund sold 2.29 crore shares, while acquiring 49.98 lakh shares simultaneously. Post these market deals, the fund holds a 5.54% stake, showcasing active portfolio rebalancing.
Shangar Decor Ltd (SHANGAR)
VIDVHSHAK TRADING PRIVATE LIMITED executed both sale and purchase activities:
- Sold 3.47 crore shares (7.09%)
- Acquired 2.91 crore shares (5.96%)
Following these trades, the entity’s holding stands at 1.14%, suggesting an exit or transfer within related entities.
Market Insight
Such transactions are closely watched by institutional investors and market analysts. Promoter pledges and revocations often signal liquidity management strategies, while SAST filings help track major shifts in control or voting power.
The rise in inter-se transfers between promoter entities is indicative of internal consolidation, while open market acquisitions by institutional investors like mutual funds reflect long-term confidence in the company’s growth potential.
Conclusion
The recent string of promoter and SAST-related shareholding adjustments on the BSE highlights India’s capital markets being dynamic. While promoters are consolidating positions, others are selling or rearranging through tactical transactions. For investors, tracking these filings can provide early glimpses into what could be changes in firm fundamentals or strategy.
