Sangita reduced her shareholding in Laser Diamonds Limited by 13.50% through an off-market sale on October 14, 2026. The transaction involved the disposal of 5,46,700 equity shares, bringing her total holding down to 9.64% of the company's voting capital.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Laser Diamonds Limited shares are listed on BSE Limited. The seller, Sangita, does not belong to the promoter or promoter group category.

Stakeholding trajectory

Prior to the transaction, Sangita held 9,37,200 shares, representing 23.14% of the total share capital. The sale of 5,46,700 shares resulted in a residual holding of 3,90,500 shares, equivalent to 9.64% of the diluted share capital.

Capital structure details

Laser Diamonds Limited has an equity share capital of ₹4,05,00,000, comprising 40,50,000 equity shares of face value ₹10 each. This capital structure remained unchanged before and after the sale, as the transaction was a transfer of existing shares rather than a new issuance or buyback.

What the numbers show

The disposal moves Sangita's holding from the substantial acquisition threshold (above 20%) to below the 10% reporting trigger for continuous disclosure in many contexts, although she remains a significant non-promoter shareholder. The complete absence of encumbrances, warrants, or convertible instruments in both the pre- and post-sale disclosures indicates that the entire exposure was held in plain equity shares, simplifying the regulatory reporting requirements for this specific transaction.

Sangita disposed of a 15.43% stake in Laser Diamonds Limited through an off-market transaction on September 12, 2026. The sale involved 6,24,800 equity shares, significantly reducing her voting power in the BSE-listed company.

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sangita is not classified as part of the promoter or promoter group of the target company.

Transaction Details

Prior to this disposal, Sangita held 15,62,000 shares, representing 38.57% of the total share and voting capital. None of these shares were encumbered by pledge, lien, or non-disposal undertakings.

Following the sale, her remaining holding stands at 9,37,200 shares, equating to 23.14% of the total diluted share capital. The total equity share capital of Laser Diamonds Limited remains unchanged at ₹4,05,00,000, comprising 40,50,000 equity shares of ₹10 each.

What the Numbers Show

The off-market nature of the transaction suggests a negotiated block deal rather than open-market trading, often indicating a strategic exit or restructuring by a substantial shareholder. With the stake dropping below the 25% threshold commonly associated with significant control blocks, this move may alter the shareholder dynamics of the company.