Announced Sat, 30 Aug · 14:55 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bina Vikram Sanghani

Promoter Stake BuyOwnership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Bina Vikram Sanghani, a member of the promoter group of Ace Software Exports Limited, has disclosed the purchase of 68,979 equity shares under SEBI Regulation 29(2). The acquisition took place on 26 August 2025 through an off-market inter-se transfer within the promoter group, not an open market purchase. Her holding rose from 75,197 shares (0.59%) to 1,44,176 shares (1.13%) of the company's paid-up equity capital. No encumbrance (pledge) activity is involved. The total share capital of the company remains unchanged at Rs. 12.76 crore (1.27 crore shares of Rs. 10 each).

Likely market impact

This is an internal reshuffle within the promoter group rather than a fresh investment from the market, so it is unlikely to have a meaningful direct impact on the stock price. It does, however, signal promoter group consolidation and continued confidence from a promoter-family member in the company's long-term prospects.