Raj Television Network discloses sale of 7.13 lakh shares by Kiran Kumar Jain

What Raj Television Network announced

Raj Television Network Ltd (BSE: 532826) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing, dated 19 June 2026, records that shareholder Kiran Kumar Jain M. disposed of a portion of his shareholding in the company through an open‑market transaction on 17 June 2026.

"The disclosure is made in compliance with Regulation 29(2) of SEBI (SAST) Regulations, 2011."

The filing provides a detailed breakdown of the shares held before the sale, the number sold, and the post‑sale holding, along with the percentage impact on the total voting capital.

Details of the share disposal

• Pre‑sale holding: 78,80,570 shares (approximately 7.88 million), representing 15.19 % of the total voting capital of Raj Television Network.
• Shares sold: 7,13,800 shares (approximately 0.71 million), equivalent to 1.37 % of the total voting capital.
• Post‑sale holding: 71,66,769 shares (approximately 7.17 million), now constituting 3.85 % of the total voting capital.
• Mode of sale: Open market (market sale).
• Date of sale / receipt of allotment: 17 June 2026.
• Equity share capital: Remained unchanged at Rs 25.96 crore before and after the transaction.

No encumbrances, pledges, warrants, convertible securities, or other instruments were reported in connection with the disposal. The seller, Kiran Kumar Jain M., is not identified as a promoter or part of the promoter group.

Regulatory framework

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 mandates that any person acquiring or disposing of shares that cross the 5 % threshold of a listed company's voting capital must disclose the transaction to the stock exchanges within a stipulated time frame. Although the 1.37 % sale does not cross the 5 % trigger, the disclosure is still required because the seller’s cumulative holding after the sale exceeds 5 % of the voting capital (3.85 % is below, but the filing appears to be a routine compliance filing for any material change). The purpose is to ensure transparency for investors and to keep the market informed of changes in shareholding patterns.

Key facts at a glance

Why this matters for investors

The disclosure does not indicate any dilution of existing shareholders because the equity share capital of the company remains unchanged. The transaction merely reflects a reduction in the shareholding of a non‑promoter investor. For investors, the key points are:

• Transparency: The filing confirms that the company is complying with SEBI’s disclosure norms, which helps maintain market confidence.
• Shareholding pattern: A reduction in a sizable non‑promoter stake may slightly alter the composition of the shareholder base, but the impact on control or voting dynamics is minimal given the post‑sale holding of 3.85 %.
• No new capital raised: Since the sale was conducted in the open market, the company did not receive any proceeds, and there is no immediate effect on its balance sheet.
• Regulatory compliance: The filing satisfies the statutory requirement, reducing the risk of regulatory penalties for the company.

Investors should monitor subsequent shareholding disclosures to see if the seller or other parties adjust their positions further.

Conclusion

Raj Television Network Ltd has formally disclosed that shareholder Kiran Kumar Jain M. sold 7.13 lakh shares on 17 June 2026 through an open‑market transaction, lowering his stake to 71.66 lakh shares (3.85 % of voting capital). The equity share capital remains at Rs 25.96 crore, and the filing satisfies SEBI’s Regulation 29(2) requirements. No further corporate actions are indicated in the filing, and the company’s capital structure remains unchanged.

---

FAQs

1. What percentage of Raj Television Network’s voting capital did Kiran Kumar Jain hold after the sale?

   • After disposing of 7.13 lakh shares, his holding stood at 71.66 lakh shares, representing 3.85 % of the total voting capital.

2. Did the sale affect the company’s equity share capital?

   • No. The equity share capital remained unchanged at Rs 25.96 crore before and after the transaction.

3. Was the transaction conducted through a public issue or a private placement?

   • The filing specifies the mode of sale as an open market (market sale).

4. Is Kiran Kumar Jain part of the promoter group?

   • The disclosure states that the seller does not belong to the promoter or promoter group.

5. Are there any encumbrances or pledges on the shares sold?

   • The filing reports no encumbrances, pledges, warrants, or convertible securities associated with the shares sold.

6. Why was a Regulation 29(2) filing required for a 1.37 % sale?

   • While the sale itself is below the 5 % trigger, the filing ensures compliance with SEBI’s broader requirement to disclose any material change in shareholding, especially when the seller’s cumulative holding remains material.