I have already emailed them last month(June 6th) regarding sale of shares and this is what I had got reply from Rajiv Bajaj
Question was :
I am a Shareholder of Singer India Ltd, and I would like to get some clarification from the company regarding the sales of shares from the Promoter group. There has been a decline in % holding of the promoters for the last many months and today also there has been a sale of 61,000 shares by the promoter. I would like to know what the reason for this selling is as I am not able to get any info of cash needs for the company or any other relevant data.
Answer:
The promoters own shares in numerous entities in Asia, including Singer India Limited and trade shares in these entities from time to time. Any such changes in shareholding does not impact the management or strategy of the company.
Hope this clarifies your query.