The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalchand Mehta & PACs
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BSE has received a disclosure under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Lalchand Mehta along with Persons Acting in Concert (PACs). This regulation requires promoters or significant shareholders to report changes in their shareholding, such as acquisitions or disposals, once they cross defined thresholds. The specific details of the transaction — whether shares were bought or sold, the quantity involved, and the resulting shareholding percentage — are not available because the linked BSE page returned an error and the actual disclosure document could not be accessed. Therefore, the exact nature and quantum of the change in promoter shareholding cannot be confirmed from the available information.
For shareholders, this filing signals that a promoter-level entity (Lalchand Mehta & PACs) has made a shareholding change that crossed a SAST reporting threshold, but without the actual numbers, investors cannot gauge whether this is a buy, sell, or neutral reshuffle. The stock price impact is unclear until the full disclosure details (direction, size, and new holding percentage) are retrieved from the exchange.