The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajinder Mittal
BCLIND · price
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 1.7 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rajinder Mittal, one of the promoters of BCL Industries Limited, has purchased 247,514 equity shares through open market transactions on March 2 and March 4, 2026 (131,000 shares and 116,514 shares respectively). This acquisition increased his voting shareholding in the company from 14.97% to 15.05%, a rise of 0.08 percentage points. The total equity capital of the company remains unchanged at Rs. 29,51,63,340 divided into 29,51,63,340 equity shares of Rs. 1 each. No shares are encumbered or pledged. The disclosure has been filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a positive signal for retail investors as it indicates promoter confidence in the company's future prospects — promoters are putting their own money into the stock. The increase in stake is modest (0.08%), so any direct share price impact is likely limited, but sustained promoter buying is generally viewed as a sign of long-term faith in the business.