Sterling Powergensys Promoter Sells 10,000 Shares in Open Market Transaction
Sterling Powergensys Limited disclosed that promoter group member Pradeep Gorakhchand Sanghvi sold 10,000 equity shares worth ₹1,78,255.64 on March 27, 2026, through open market transaction on BSE. His shareholding reduced from 160,000 shares (3.04%) to 150,000 shares (2.85%). The company filed necessary regulatory disclosures under SEBI takeover and insider trading regulations.
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Sterling Powergensys Limited has announced that promoter group member Pradeep Gorakhchand Sanghvi has reduced his shareholding in the company through an open market sale of equity shares. The transaction was executed on BSE Limited and disclosed under regulatory requirements for insider trading and substantial acquisition of shares.
Transaction Details
The share sale transaction involved specific quantities and values that impacted the promoter's overall holding in the company. The disclosure was filed with BSE Limited under scrip code 517063.
| Parameter: | Details |
|---|---|
| Shares Sold: | 10,000 equity shares |
| Transaction Date: | March 27, 2026 |
| Transaction Value: | ₹1,78,255.64 |
| Mode of Sale: | Open Market |
| Exchange: | BSE Limited |
| Scrip Code: | 517063 |
Shareholding Changes
The transaction resulted in a reduction in Pradeep Gorakhchand Sanghvi's stake in Sterling Powergensys Limited. His shareholding position changed as follows:
| Holding Period: | Number of Shares | Percentage Holding |
|---|---|---|
| Before Transaction: | 160,000 shares | 3.04% |
| Shares Sold: | 10,000 shares | 0.19% |
| After Transaction: | 150,000 shares | 2.85% |
Regulatory Compliance
The disclosure was made in accordance with SEBI regulations under multiple frameworks. Sterling Powergensys Limited filed the necessary forms under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
| Compliance Parameter: | Details |
|---|---|
| Filing Date: | March 30, 2026 |
| Submitted By: | Sankaran Venkata Subramanian |
| Designation: | Managing Director |
| DIN: | 00107561 |
| Forms Filed: | Form C and Disclosure Forms |
Pradeep Gorakhchand Sanghvi, residing at B-5, Arvind Kunj, 2nd Floor, 77, Tardeo Road, Mumbai, 400034, with PAN number AAIPS9138H, submitted the required regulatory disclosures as part of the compliance process.
Company Information
Sterling Powergensys Limited maintains its equity share capital structure unchanged following this transaction. The company's total equity share capital consists of 5,262,632 equity shares of ₹10.00 each. The company is listed on BSE Limited and trades under scrip code 517063 with ISIN code INE067E01013.
Will other promoter group members follow suit with similar stake reductions in Sterling Powergensys?
How might this promoter selling impact Sterling Powergensys' stock price and trading volumes in the coming quarters?
What strategic initiatives or capital allocation plans could Sterling Powergensys pursue given the recent promoter stake dilution?
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