Savita Oil promoter buys 25,830 shares as trusts sell 51,830
- Siddharth Mehra acquired 25,830 Savita Oil shares in the open market on September 24, 2026
- Lord Krishna Trust and NKM Grandchildren Trust sold a combined 51,830 shares on the same day
- Net promoter holding decreased by 26,000 shares across the disclosed entities
- Total equity share capital remained unchanged at ₹13,71,20,830 post-transaction
*this image is generated using AI for illustrative purposes only.
Savita Oil Technologies Limited saw mixed promoter activity on September 24, 2026. Siddharth Mehra, Promoter and Whole-time Director, acquired 25,830 equity shares in the open market. Concurrently, promoter entities Lord Krishna Trust and NKM Grandchildren Trust collectively sold 51,830 shares.
The transactions were disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. While Mehra increased his personal stake, the trusts reduced their holdings, with NKM Grandchildren Trust exiting its entire position.
Transaction details
The disclosures highlight that all shares were traded through the open market mechanism. The table below outlines the pre- and post-transaction holding positions for the individual promoter and the two trusts involved.
| Entity | Shares Before | Shares Sold/Acquired | Shares After | % Capital After |
|---|---|---|---|---|
| Siddharth Mehra | 4,26,745 | +25,830 (Acquired) | 4,52,575 | 0.66% |
| Lord Krishna Trust | 1,53,362 | -46,000 (Sold) | 1,07,362 | 0.15% |
| NKM Grandchildren Trust | 5,830 | -5,830 (Sold) | 0 | 0.00% |
| Net Change | - | -26,000 | - | - |
Gautam N. Mehra acted as the Trustee for both trust entities. Following these disposals, Lord Krishna Trust reduced its stake from 1,53,362 shares to 1,07,362 shares, while NKM Grandchildren Trust exited its entire holding of 5,830 shares, bringing its stake to zero.
Regulatory compliance and capital structure
The company's total equity share capital remained unchanged at ₹13,71,20,830 both before and after the sales and acquisitions. The diluted share capital also remained constant at ₹13,71,20,830, indicating no impact on the overall capital structure from these specific transactions. The filings confirm that there were no encumbrances, warrants, or convertible securities associated with the shares involved in these sales or purchases.
What the numbers show
The combined activity results in a net reduction of 26,000 shares in promoter-held positions relative to the total share capital. While Siddharth Mehra's acquisition increased his direct voting rights to 0.66%, the sale by the trusts represents a reduction of approximately 0.08% in their collective stake. The complete exit of NKM Grandchildren Trust signifies a consolidation of that specific trust's holdings into zero, while Lord Krishna Trust retains a marginal direct stake of 0.15%.
Historical Stock Returns for Savita Oil Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.83% | +3.15% | +4.61% | +116.58% | +76.69% | +124.91% |
How might the net reduction in promoter holdings influence retail investor sentiment and short-term stock volatility for Savita Oil Technologies?
Will the complete exit of NKM Grandchildren Trust signal a broader strategy of promoter entity consolidation or future stake restructuring?
Does Siddharth Mehra's personal acquisition suggest a divergence in outlook between individual promoters and the trust entities regarding the company's valuation?
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