Sachin Gupta, son of Padam Chand (PC) Gupta has been constantly selling shares. PC Gupta had gifted some shares last year when there was a huge uproar. Given that he passed away recently, I assumed that it was largely for estate planning. However, Sachin has sold more than 10% of his stake in the last 3 months. Something is definitely going on between the two families (PC Gupta’s family and Balraam Garg’s family). Sachin Gupta was the VP of Gold Manufacturing as per a report in 2014 but in a similar report in 2016, he wasn’t mentioned in the top management. I followed up on this with the company secretary and I was told that Sachin Gupta has not been a part of the Company’s management team since more than last 4 years.
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