The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ritu Bapna
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Ritu Bapna, a non-promoter individual acquirer, submitted a delayed SAST disclosure for purchasing 21,000 equity shares of Airfloa Rail Technology on 12 December 2025 through open market transactions. This acquisition took her total holding to 12,03,000 shares, representing 5.02% of the company's equity, thereby crossing the 5% reporting threshold under SEBI takeover regulations. The disclosure was originally due by 16 December 2025 but was filed on 4 June 2026 due to inadvertent oversight and administrative delays, which the acquirer attributed to genuine procedural lapses.
A new non-promoter entity now holds slightly above 5% in the company, signaling potential further accumulation near the regulatory threshold that retail investors should monitor. The significant delay in disclosure (nearly 6 months) reflects a compliance lapse, though the underlying transaction details remain unchanged.