Magson Retail And Distribution Limited Receives Pre-Clearance Application for Equity Share Sale
Magson Retail And Distribution Limited announced on March 24, 2026, that it received a pre-clearance application from Mr. Maheshbhai Naranbhai Patel, a member of the Promoter Group, for the sale of equity shares in the company. The application was approved by the company.Mr. Patel intends to sell 20,000 equity shares, currently held in physical form under folio number IN30051390105651. This sale would reduce his holdings from 283,850 to 263,850 equity shares. The proposed transaction will be executed through the National Stock Exchange of India Limited, with a price of INR 135 per share, which was the closing price on March 23, 2026. The shares are expected to be sold within seven days of the approval date.
Mr. Patel has confirmed that he does not possess any price-sensitive information and will refrain from trading if he gains access to such information before the transaction is executed. He also affirms that he has not contravened the company’s Code of Conduct for Prevention of Insider Trading and has made full and true disclosures.
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