Dindigul Farm: Promoter sold 4.48 lakh shares, failed Form C
Dindigul Farm Product Ltd reported that its promoter, M/s. Indrayani Biotech Limited, sold 4,48,000 equity shares on September 30, 2026. The company observed this transaction through its RTA but did not receive any prior intimation or the mandatory Form C disclosure from the promoter by October 5, 2026. Dindigul Farm Product sought an explanation and requested the submission of Form C and pre-clearance documentation from the promoter on October 5, 2026. Although the promoter's Company Secretary stated Form C would be submitted by October 7, 2026, the company had not received it as of the intimation date. Dindigul Farm Product has informed the Stock Exchange about the non-receipt of the disclosure and plans to take further action under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Key Highlights
- Promoter Indrayani Biotech sold 4,48,000 equity shares.
- Promoter failed to submit mandatory Form C disclosure.
- Company informed exchange about non-receipt of disclosure.
- Dindigul Farm will take action under SEBI PIT Regulations.
- Highlights potential corporate governance concerns.
Price Impact
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