The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padamchand Sacheti & PACs
ARIHANT · price
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Awaiting price reaction for this filing.
Padamchand Sacheti, along with Persons Acting in Concert (PACs), has submitted a disclosure under Regulation 29(2) of the SEBI Takeover Regulations to the BSE in connection with Arihant Foundations & Housing Ltd. This regulation typically applies when a promoter or major shareholder crosses key shareholding or voting rights thresholds (such as 5%, 10%, or changes beyond 2% thereafter). However, the actual filing body with transaction details — number of shares, direction of movement, price, and threshold crossed — is not present in the shared document. Without those specifics, the nature (acquisition, sale, or pledge-related change) cannot be determined from the text provided.
The full impact on shareholders and stock price cannot be assessed because the key transaction data is missing from the filing text. Investors should look for the detailed disclosure on the BSE corporate announcements page to understand whether this represents a promoter stake increase, decrease, or crossing of a takeover threshold, as each would have very different implications for shareholding structure and control.