The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shri Krishan Saraf
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Promoter Shri Krishan Saraf has acquired 8,000 equity shares (0.26%) of Acknit Industries Ltd through an off-market transaction on March 29, 2025. His stake in the company has risen from 17.78% (5,40,497 shares) to 18.04% (5,48,497 shares). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, and the mode of acquisition was off-market, suggesting it may be an inter-se transfer within the promoter group rather than an open market purchase. The total equity share capital of the company remains at 30,40,000 shares of Rs. 10 each.
This is a small, incremental promoter acquisition that signals continued promoter confidence in the company. Since the transaction is off-market, it likely reflects internal reshuffling of holdings within the promoter group and is unlikely to have any material impact on the stock price.