Singhal Enterprises has divested a 1.99% stake in Kisan Mouldings Limited through a series of open market transactions conducted between February and June 2025. The sale involved a total of 23,75,000 (Twenty-Three Lakhs Seventy-Five Thousand) equity shares, according to a regulatory filing submitted to the BSE Limited on June 11, 2025. This transaction has consequently reduced Singhal Enterprises' shareholding in Kisan Mouldings Limited from 8.37% to 6.38% of the paid-up equity share capital.
| Particulars | Details |
|---|---|
| Seller | Singhal Enterprises |
| Target Company | Kisan Mouldings Limited |
| Number of Shares Sold | 23,75,000 equity shares |
| Percentage of Stake Sold | 1.99% of Paid-up Equity Share Capital |
| Mode of Sale | Open market |
| Total Shares Held by Seller Before Sale | 1,00,00,000 shares (8.37%) |
| Total Shares Held by Seller After Sale | 76,25,000 shares (6.38%) |
| Date of Disclosure | June 11, 2025 |
Detailed Analysis of the Transaction
The disclosure, made by Singhal Enterprises, provides a transparent account of the change in its shareholding in Kisan Mouldings Limited. Such filings are crucial for maintaining market integrity and keeping investors informed about significant shareholding changes in listed entities.
Breakdown of Share Sale Tranches
The sale of 23,75,000 shares was executed in four tranches over several months in 2025:
| Date of Sale | Number of Shares Sold |
|---|---|
| February 13, 2025 | 5,95,000 |
| February 14, 2025 | 5,90,000 |
| February 27, 2025 | 5,90,000 |
| June 9, 2025 | 6,00,000 |
| Total Shares Sold | 23,75,000 |
Impact on Singhal Enterprises' Shareholding in Kisan Mouldings
Prior to these transactions, Singhal Enterprises held 1,00,00,000 (One Crore) equity shares in Kisan Mouldings Limited, which constituted 8.37% of the company's total paid-up equity share capital. After the sale of 23,75,000 shares, Singhal Enterprises' holding has decreased to 76,25,000 (Seventy-Six Lakhs Twenty-Five Thousand) equity shares, representing 6.38% of Kisan Mouldings' capital. The filing confirmed that Singhal Enterprises does not belong to the Promoter or Promoter group of Kisan Mouldings Limited. Furthermore, there were no shares held in the nature of encumbrance (pledge, lien, non-disposal undertaking, etc.), nor any voting rights otherwise than by shares, or warrants/convertible securities held by Singhal Enterprises in Kisan Mouldings, both before and after the sale.
| Particulars | Number of Shares | % w.r.t. Total Share/Voting Capital (*) | % w.r.t. Total Diluted Share/Voting Capital (**) |
|---|---|---|---|
| Before the acquisition/disposal under consideration, holding of: | |||
| Shares carrying voting rights | 1,00,00,000 | 8.37% | 8.37% |
| Total (a+b+c+d) | 1,00,00,000 | 8.37% | 8.37% |
| After the acquisition/sale, holding of: | |||
| Shares carrying voting rights | 76,25,000 | 6.38% | 6.38% |
| Total (a+b+c+d) | 76,25,000 | 6.38% | 6.38% |
(**) Diluted share/voting capital means the total number of shares in TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. (Stated as Not Applicable for total diluted share/voting capital after the acquisition in the filing for the TC).
About the Companies Involved
Kisan Mouldings Limited (Target Company)
Kisan Mouldings Limited, the target company in this transaction, has its shares listed on the BSE Limited. The company's total equity share capital stands at Rs. 1,19,46,30,650 (Rupees One Hundred Nineteen Crore, Forty-Six Lakhs, Thirty Thousand, Six Hundred Fifty), which is represented by 11,94,63,065 (Eleven Crore, Ninety-Four Lakhs, Sixty-Three Thousand, Sixty-Five) equity shares with a face value of Rs. 10 each. Kisan Mouldings Limited is located at Tex Centre, K Wing, 3rd Floor, 26-A Chandivili Road, Near HDFC Bank, Andheri (E), Mumbai, Maharashtra - 400072. The company can be contacted via email at cs.kisan@kisangroup.com.
Singhal Enterprises (Seller)
Singhal Enterprises, the entity making the sale and the disclosure, is based in Delhi. The disclosure was signed by Sanjeev Singhal on behalf of Singhal Enterprises.
Regulatory Compliance and Voluntary Disclosure
The disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI (SAST) Regulations). This regulation typically mandates disclosures when an entity's shareholding in a listed company crosses certain thresholds, or if there is a change of 2% or more in their existing significant shareholding (5% or more).
Interestingly, the filing included a note stating: "The disclosure is being given voluntarily even though the change in shareholding is not exceeding 2 (two) percent in the target Company." The calculated change in shareholding for Singhal Enterprises is 1.99% (from 8.37% down to 6.38%), which is just below the standard 2% trigger for mandatory disclosure under Regulation 29(2) for entities already holding 5% or more. This voluntary disclosure by Singhal Enterprises demonstrates a commitment to transparency beyond strict regulatory requirements, providing stakeholders with timely information about changes in its investment portfolio.
The SEBI (SAST) Regulations are designed to ensure fair and transparent dealings in the securities market, particularly concerning substantial acquisitions and takeovers, by providing all shareholders with adequate information and a fair opportunity to assess the impact of such transactions.
Market Impact and Outlook
While the direct market impact of this specific transaction on Kisan Mouldings Limited's share price cannot be ascertained from the disclosure alone, such stake sales by significant shareholders are closely watched by the market. They can sometimes influence investor sentiment depending on the market's perception of the reasons behind the sale and the profiles of the buyer and seller. Open market transactions reflect the prevailing market dynamics and liquidity for the stock.
This voluntary disclosure by Singhal Enterprises contributes to the overall transparency in the market, allowing investors and analysts to stay informed about shifts in shareholding patterns of listed companies. The information regarding the reduction in stake by Singhal Enterprises will be factored into the assessment of Kisan Mouldings Limited's shareholder structure by the investment community.
