The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aarem Insights Pvt Ltd

Ownership Changes View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹3.41

prior close

₹3.24

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-5.6% vs market

Trading & Distributors peers, median of 130sector-0.7%-4.3% vs sector

On the reaction day the stock moved 5.6 pts less than Nifty Microcap 250 and 4.3 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0+0.6-5.6-0.7-4.3

Next day

-9.7-0.2-9.5-1.2-8.5

-10.6-0.4-10.2-1.9-8.6

-12.6-0.7-11.9-2.3-10.4

-16.7-2.2-14.5-2.6-14.1

-17.9-2.8-15.1-4.2-13.7

-17.3-1.4-15.9-3.1-14.2

15d

-5.6-7.0+1.4-7.0+1.4

-0.3-6.1+5.8-6.8+6.5

+8.2-9.2+17.5-12.0+20.2

+8.8-6.8+15.6-12.8+21.6

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 130Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aarem Insights Private Limited, which is NOT part of the promoter/promoter group, has acquired 1,58,22,100 equity shares (5.97%) of Ashnisha Industries Limited on 12 November 2025. The shares were allotted pursuant to a Rights Issue, not through open market purchase. Before this acquisition, Aarem Insights held zero shares in the company, and the company's equity capital increased from Rs. 10.10 crore to Rs. 26.51 crore as a result of the rights issue. This filing is a mandatory disclosure made because the acquirer's holding crossed the 5% threshold under SEBI takeover regulations.

Likely market impact

A non-promoter entity has built a 5.97% stake via the company's own rights issue, which dilutes existing shareholders but also brings fresh capital. Investors should note the change in the shareholder base and the significant expansion of share capital, which may affect per-share metrics.