Usha Martin promoter Nidhi Rajgarhia sells 24,000 shares in open market
- Promoter Nidhi Rajgarhia sold 24,000 Usha Martin equity shares
- Transactions occurred on Sept 17-18, 2026 via NSE open market
- Her stake reduced from 0.079% to 0.071% of total voting capital
- Total holding fell from 241,000 to 217,000 shares
- Disclosure filed under SEBI SAST Regulation 29(2)
*this image is generated using AI for illustrative purposes only.
Usha Martin promoter Nidhi Rajgarhia disposed of 24,000 equity shares in the company through open market transactions on September 17 and 18, 2026. The sale reduces her total holding to 217,000 shares, representing a 0.071% stake in the firm.
The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, filed with the National Stock Exchange and Bombay Stock Exchange on September 19, 2026. Rajgarhia, identified as part of the promoter group, executed the sales on the National Stock Exchange.
Shareholding Changes
Prior to the transaction, Rajgarhia held 241,000 equity shares, accounting for 0.079% of the company’s total voting capital. The disposal of 24,000 shares, equivalent to 0.008% of the capital, brought her post-transaction holding down to 217,000 shares or 0.071%. No encumbrances, warrants, or convertible securities were involved in the transaction.
| Metric | Before Disposal | Disposal Details | After Disposal |
|---|---|---|---|
| Equity Shares Held | 241,000 | 24,000 sold | 217,000 |
| Stake Percentage | 0.079% | 0.008% | 0.071% |
The company’s total equity share capital remained unchanged at 30,47,41,780 shares following the transaction. The diluted share capital also stands at 30,47,41,780 shares.
Regulatory Compliance
The filing confirms that the shares were traded on the open market rather than through off-market transfers or preferential allotments. As per SEBI regulations, such disclosures are mandatory for promoters and persons acting in concert when their shareholding changes significantly or as part of routine reporting obligations for substantial shareholders. The declaration was signed by Nidhi Rajgarhia and submitted to the company secretary at Usha Martin Limited’s Kolkata headquarters.
Historical Stock Returns for Usha Martin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.33% | +2.31% | +1.84% | +26.96% | +26.12% | +608.38% |
Will Nidhi Rajgarhia continue to reduce her stake in Usha Martin, or does this transaction mark the completion of her exit plan?
How might this promoter selling activity influence investor sentiment and short-term stock price volatility in the coming trading sessions?
Are other members of the promoter group or persons acting in concert planning similar open market disposals in the near future?
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