The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mukeshbhai J Patel & PACs
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Mukeshbhai J. Patel, Managing Director and Promoter of Asian Granito India Ltd, bought 3,00,000 equity shares from the open market on December 23, 2025. His personal stake rose from 2.9753% (68,99,966 shares) to 3.1046% (71,99,966 shares). Together with Persons Acting in Concert (PACs) — which include family members and HUFs — the promoter group's combined holding increased from 10.6564% to 10.7857% of the company's paid-up equity capital. The disclosure has been made under Regulation 29(2) of SEBI's Takeover Regulations. No encumbered shares (pledge/lien) are involved, and the acquisition was funded through open market purchases.
Promoter buying is generally viewed as a confidence-boosting signal, suggesting the promoter believes the stock is fairly or undervalued. The increase is small in percentage terms (~0.13% for the group), so the immediate price impact is likely limited, but it indicates continued insider faith in the company.