Enbee Trade & Finance Ltd discloses sale of 68 lakh shares by promoter MEYHUL GAALA
The promoter reduced its holding from 5.11% to 4.13% by selling 68,00,000 shares (0.98% of total) in an open‑market transaction on 17‑18 June 2026.
What Enbee Trade & Finance Ltd announced
Enbee Trade & Finance Limited (BSE: 512441) filed a disclosure under SEBI’s Regulation 29(2) on 19 June 2026, reporting a substantial disposal of shares by its promoter group, MEYHUL GAALA. The promoter sold 68 lakh equity shares carrying voting rights, representing 0.98 % of the total share capital, thereby reducing its overall stake in the company.
The filing, submitted to the BSE’s Department of Corporate Relationship, provides a detailed snapshot of the promoter’s shareholding before and after the transaction, the mode of sale, and the dates on which the shares were transferred.
Details of the share disposal
- Acquirer/Seller: MEYHUL GAALA (promoter group of Enbee Trade & Finance Ltd).
- Shares sold: 68,00,000 voting shares.
- Percentage of total equity sold: 0.98 %.
- Date of sale: The shares were sold between 17 June 2026 and 18 June 2026.
- Mode of transaction: Open market sale.
- Equity share capital: Remained unchanged at 697,286,312 shares before and after the sale.
Shareholding before the disposal
| Category | Shares | % of total | % of promoter group |
|---|---|---|---|
| Shares carrying voting rights | 3,56,69,300 | 5.11 % | 5.11 % |
| Encumbered shares (pledge/ lien) | Nil | – | – |
| Other voting rights (warrants, convertible securities) | Nil | – | – |
| Total | 3,56,69,300 | 5.11 % | 5.11 % |
Shareholding after the disposal
| Category | Shares | % of total | % of promoter group |
|---|---|---|---|
| Shares carrying voting rights | 2,88,69,300 | 4.13 % | 4.13 % |
| Encumbered shares | Nil | – | – |
| Other voting rights | Nil | – | – |
| Total | 2,88,69,300 | 4.13 % | 4.13 % |
The net effect is a reduction of 68 lakh shares from the promoter’s portfolio, lowering its voting power in the company.
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Enbee Trade & Finance Ltd |
| BSE Scrip Code | 512441 |
| Filing date | 19 June 2026 |
| Regulation invoked | SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 – Regulation 29(2) |
| Promoter involved | MEYHUL GAALA |
| Shares sold | 68,00,000 |
| % of total equity sold | 0.98 % |
| Holding before sale | 3,56,69,300 shares (5.11 %) |
| Holding after sale | 2,88,69,300 shares (4.13 %) |
| Mode of transaction | Open market |
| Dates of transaction | 17‑18 June 2026 |
| Source | BSE filing (PDF) |
Why this matters for investors
The disclosure satisfies a statutory requirement that any promoter or person acting in concert (PAC) must inform the market when their shareholding crosses the thresholds defined under SEBI’s takeover code. Although the sale does not trigger a mandatory open‑offer (the post‑sale holding remains above the 25 % trigger), it does signal a reduction in promoter control from 5.11 % to 4.13 %.
For shareholders, the key considerations are:
- Voting power: The promoter’s reduced stake marginally lowers its influence in shareholder meetings.
- Liquidity: An open‑market sale of 68 lakh shares adds modest liquidity to the stock, but given the company’s total equity of over 697 million shares, the impact on price dynamics is expected to be limited.
- Regulatory compliance: By filing under Regulation 29(2), the company demonstrates adherence to SEBI’s disclosure norms, which helps maintain market transparency.
No change to the company’s capital structure, rights issue, or debt profile was reported, so the transaction does not affect the firm’s financial standing directly.
Conclusion
Enbee Trade & Finance Ltd disclosed that its promoter, MEYHUL GAALA, sold 68 lakh voting shares in an open‑market transaction on 17‑18 June 2026, reducing its holding to 4.13 % of the total equity. The filing complies with SEBI’s Regulation 29(2) and does not alter the company’s capital base. Investors should note the slight decline in promoter voting strength but no immediate financial implications were indicated.
The filing confirms that the promoter’s post‑sale stake stands at 2.89 crore shares, representing 4.13 % of Enbee Trade & Finance Ltd’s total equity.
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Source filing: view original