The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chirayu Agrawal
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BSE has received a disclosure under Regulation 29(2) of SEBI's Takeover Regulations from Chirayu Agrawal, who is associated with the company. This regulation requires promoters and persons acting in concert to disclose changes in their shareholding (acquisition or disposal) in the company. The filing confirms that such a disclosure has been submitted, though the specific nature (buy or sell) and quantum of the transaction are not detailed in the headline.
This is a routine compliance disclosure under takeover rules. Shareholders should look for the detailed filing to understand whether a promoter is buying or selling shares, as either direction can have implications for stock sentiment.