News Orders & Deals ISF Limited CEO Vishal Dang Divests 71 Lakh Equity Shares to Four AcquirersISF Limited CEO Vishal Dang Divests 71 Lakh Equity Shares to Four Acquirers
ISF Limited disclosed that CEO Vishal Dang divested 71 lakh equity shares through four separate off-market transactions to non-promoter acquirers including Shweta Arora, Shashi Kant Pandey, Ashwini Arora, and Anil Kumar Verma, dramatically reducing his stake from 7.56% to 0.09% with full regulatory compliance.
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ISF Limited has disclosed a significant divestment by its Chief Executive Officer Vishal Dang, who sold 71,00,000 equity shares through multiple off-market transactions on February 27, 2026. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details and Acquirer Information
The CEO executed four separate share sales on the same trading day, all conducted through off-market transactions on BSE Limited. The shares were acquired by four different individuals, none of whom belong to the promoter or promoter group.
| Transaction | Acquirer | Shares Sold | Pre-Transaction Holding | Post-Transaction Holding | Shareholding Change |
|---|---|---|---|---|---|
| First Sale | Shweta Arora | 6,10,000 | 71,84,910 (7.56%) | 65,74,910 (6.92%) | -0.64% |
| Second Sale | Shashi Kant Pandey | 10,00,000 | 65,74,910 (6.92%) | 55,74,910 (5.87%) | -1.05% |
| Third Sale | Ashwini Arora | 37,50,000 | 55,74,910 (5.87%) | 18,24,910 (1.92%) | -3.95% |
| Fourth Sale | Anil Kumar Verma | 17,40,000 | 18,24,910 (1.92%) | 84,910 (0.09%) | -1.83% |
Regulatory Compliance Framework
The company received the mandatory disclosure from Vishal Dang on March 02, 2026, which was subsequently filed with BSE Limited. The transactions were disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring compliance with substantial acquisition disclosure requirements.
| Regulatory Parameter | Details |
|---|---|
| Total Equity Capital | INR 9,50,00,000 (9.50 crore shares of INR 1 each) |
| Transaction Mode | Off-Market |
| Exchange | BSE Limited |
| Disclosure Date | March 02, 2026 |
Impact on Shareholding Structure
The divestment represents a significant change in the CEO's stake in ISF Limited. Dang's total shareholding decreased from 71,84,910 shares representing 7.56% of the company to just 84,910 shares representing 0.09% of the total shareholding. This reduction of over 7% in shareholding marks a substantial change in his investment position within the company.
All four acquirers are non-promoter entities, indicating the shares have been transferred to external investors. The transactions were completed within the regulatory framework, with proper documentation submitted to BSE Limited, maintaining transparency and compliance with SEBI guidelines for substantial acquisition disclosures.
Historical Stock Returns for ISF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -9.00% | -8.08% | -4.21% | -11.65% | -14.95% | -2.15% |
