The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Mangilal Jain
ARKADE · price
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Mr. Amit Mangilal Jain, Managing Director and Promoter of Arkade Developers Ltd, acquired 1,00,000 equity shares through an open market transaction on August 6, 2025 at a price of Rs. 179.77 per share. This acquisition represents 0.05% of the company's total paid-up equity capital. Post-acquisition, his holding has increased from 12,36,57,808 shares (66.60%) to 12,37,57,808 shares (66.65%) of the company. The disclosure has been filed under SEBI Takeover Regulations 2011 as the transaction triggers the reporting requirement.
This is a modest, confidence-signalling open market purchase by the promoter himself, slightly increasing his already substantial stake from 66.60% to 66.65%. While the quantity is small, direct promoter buying is generally viewed positively by retail investors as an indication of insider confidence in the company's prospects.