ASK Automotive promoter sells shares to meet public shareholding norms

ASK Automotive Limited announced that its promoter, Kuldip Singh Rathee, sold 78,85,704 equity shares, each with a face value of ₹ 2, on November 25, 2025. This sale, representing 4% of the company's total issued and paid-up equity share capital, was undertaken to achieve the minimum public shareholding requirements. The transaction aligns with SEBI circulars dated February 3, 2023, and November 11, 2024.

Following the share sale, the combined shareholding of the promoter and promoter group members in ASK Automotive Limited has decreased from 78.95% to 74.95% of the paid-up equity share capital.

This adjustment ensures that the company now complies with the minimum public shareholding requirements, as stipulated by the Securities Contracts (Regulation) Rules 1957 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.