Promoter Manoj Agrawal and his persons acting in concert (PACs) sold a combined 6.36% stake in New Light Industries through open market transactions between August 28, 2026, and August 31, 2026.

The disposal of 55,66,395 shares reduced the promoter group’s aggregate holding from 19.13% to 12.77% of the company’s total paid-up share capital. The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Breakdown

The sale involved significant reductions across all promoter entities. Manoj Agrawal individually reduced his holding by 24,79,311 shares, dropping his stake from 3.14% to 0.31%. His HUF entity sold 16,27,727 shares, while Mrs. Shikha Agrawal disposed of 14,59,357 shares.

What the Numbers Show

The data reveals a concentrated exit by the individual promoter, Manoj Agrawal, who retained only 0.31% of the equity post-transaction. In contrast, the HUF and family member entities maintained substantial stakes, collectively holding 12.46% of the company. This divergence suggests a strategic shift in ownership structure rather than a complete promoter exit, with the HUF entity now representing the largest single block within the promoter group at 7.15%.

The total diluted share capital remained unchanged at ₹8,76,00,150, comprising 8,76,00,150 equity shares of ₹1 each. No encumbrances or pledges were reported on the shares prior to or following the disposal.

Manoj Agrawal has disposed of 19,26,581 equity shares in New Light Industries , representing a 2.20% reduction in the company’s total issued and paid-up share capital.

The open market transactions occurred between July 17, 2026 and August 27, 2026. The disclosure was filed pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on August 27, 2026.

Shareholding Changes

Agrawal’s stake in New Light Industries declined significantly following the sale. Before the transactions, he held 46,76,469 shares, constituting 5.34% of the total voting capital. Post-sale, his holding stands at 27,49,888 shares, or 3.14%.

The seller is not part of the promoter group. The total diluted share capital of the company remains unchanged at 8,76,00,150 equity shares with a face value of Re. 1/- each.

What the Numbers Show

The disposal reduces Agrawal’s position by more than half, dropping his stake below the 5% threshold often monitored for substantial acquisition disclosures. With no encumbrances or convertible securities reported, the transaction reflects a straightforward reduction in equity exposure via open market sales.