Janaki Parekh has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
APCOTEXIND · price
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Awaiting price reaction for this filing.
Janaki Parekh, part of the promoter/promoter group of Apcotex Industries, has filed a report with the stock exchange under Regulation 10(6) of the SEBI Takeover Code. This disclosure relates to an acquisition of shares made by her under the exemption provided in Regulation 10. Regulation 10 allows shareholders already holding a certain percentage to buy additional shares in small, incremental amounts (creeping acquisitions) without triggering a mandatory open offer to all shareholders.
This is a routine regulatory filing confirming a small, incremental share purchase by a promoter-group member within SEBI-prescribed limits. It signals continued promoter confidence but is not expected to have a material impact on the stock price.