Penny Stock Below Rs 1: Promoter Sells 68,96,000 Shares
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Bharathi Narendra Gala, a member of the promoter group of Enbee Trade and Finance Limited, sold 68.96 lakh equity shares in the open market on BSE on June 23, 2026, reducing her shareholding from 2.09 per cent to 1.10 per cent.
✨ Key Takeaways
Enbee Trade and Finance Limited shares were trading at Rs 0.25 on June 25, 2026, down 40 per cent over the past month. The stock has declined 44.19 per cent over the past six months and is down 42.86 per cent on a YTD basis, as a promoter group member disclosed a significant stake sale.
Promoter Group Member Discloses Open Market Sale
Bharathi Narendra Gala, a member of the promoter group of Enbee Trade and Finance Limited, sold 68,96,000 equity shares of the company in the open market on June 23, 2026. The transaction was disclosed by the company on June 25, 2026.
The total value of shares sold was Rs 17,92,880, implying an approximate average realisation of Rs 0.26 per share. The date of allotment or acquisition of the shares was June 23, 2026, with the date of intimation to the company recorded as June 24, 2026, and the exchange disclosure filed on June 25, 2026.
Stake Reduces from 2.09% to 1.10%
Prior to the transaction, Bharathi Narendra Gala held 1,46,81,410 equity shares, representing a 2.09 per cent stake in Enbee Trade and Finance Limited. Post the sale of 68,96,000 equity shares, her holding stands at 77,85,410 shares, equivalent to 1.10 per cent of the company's total equity. The transaction was executed entirely through the open market on BSE.
Promoter Holding Has Declined Sharply Since 2023
A review of the company's shareholding pattern reveals a sharp and sustained reduction in promoter holding over the past three years. Promoter shareholding stood at 74.94 per cent in September 2023, before declining steeply to 39.48 per cent in December 2023 and further to 36.43 per cent by March 2024. By March 2025, promoter holding had contracted to 10.62 per cent, and reached a low of 8.60 per cent by September 2025, remaining at that level through March 2026. As of April 2026, promoter holding rose to 24.83 per cent, while public shareholding stood at 75.16 per cent. The number of shareholders has grown from 1,748 in September 2023 to 44,039 in April 2026, reflecting wider public participation over the period.
About the Company
Enbee Trade and Finance Limited is a Mumbai-based Non-Banking Financial Company registered with the Reserve Bank of India. Incorporated on July 24, 1985, the company operates as a Non-Deposit Accepting NBFC with a core focus on providing unsecured loans to body corporates and individuals. The company transitioned to new management in 2015.
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Disclaimer: The article is for informational purposes only and not investment advice.