Alpha Stitch-Art sells 103,500 Zenith Fibres shares, reducing stake to 8.79%

What Alpha Stitch-Art announced

On 16 June 2026, Alpha Stitch‑Art Private Limited, a promoter‑group entity of Zenith Fibres Limited, disclosed the sale of a total of 103,500 equity shares of Zenith Fibres. The disposal comprised two parts:

• Inter‑se transfer of 100,000 shares (2.54% of total voting capital) to Mrs. Pinky Rungta, a fellow promoter.
• Open‑market sale of 3,500 shares (0.09% of total voting capital) on the same day.

The transaction was reported to the Bombay Stock Exchange (BSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 19 June 2026.

Details of the share disposal

The filing provides a clear breakdown of the share numbers before and after the transaction:

The total consideration received for the 103,500 shares was Rs 3,94,41,360, calculated at the face value of Rs 10 per share (39,44,136 shares represent the same monetary amount).

Regulatory filing under SEBI (SAST) Regulations

The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which requires any promoter or promoter‑group member to inform the stock exchange when its shareholding changes by more than 1% of the total voting capital.

Key points from the filing:

• The notice was addressed to the BSE Corporate Relations Department and dated 18 June 2026.
• Alpha Stitch‑Art identified itself as the seller and confirmed that it belongs to the promoter group of Zenith Fibres.
• The filing lists the mode of acquisition/sale (inter‑se transfer and open‑market sale) and the exact dates of the transactions (16 June 2026).
• No encumbrances, warrants, or convertible securities were involved in the disposal.

Key facts at a glance

Why this matters for investors

The filing is a routine compliance requirement but it provides investors with transparent information about changes in promoter ownership. A reduction of the promoter’s stake from 11.41% to 8.79% may affect the voting power of the promoter group, although Alpha Stitch‑Art remains a significant shareholder. The open‑market component, albeit small (3,500 shares), signals that the promoter is willing to transact in the market, which can be interpreted as a normal liquidity move rather than a distress signal.

Because the shares were sold at face value, the transaction does not imply any premium or discount to market price. The disclosed amount of Rs 3.94 crore reflects the statutory share price and does not provide insight into the market valuation of the shares at the time of sale.

Investors should note that the filing does not indicate any change in the company’s capital structure, dividend policy, or strategic direction. It merely records a shift in the composition of the promoter group’s holdings.

Conclusion

Alpha Stitch‑Art Pvt. Ltd. completed the sale of 103,500 Zenith Fibres shares on 16 June 2026, reducing its promoter stake to 8.79%. The transaction, valued at Rs 3.94 crore, was disclosed to BSE under SEBI Regulation 29(2) on 19 June 2026. While the promoter’s voting influence has decreased, the company’s share capital and operational outlook remain unchanged, and no further approvals are pending for this disclosure.

The filing satisfies the regulatory requirement for reporting a change in promoter shareholding exceeding 1% of total voting capital.