The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajinder Mittal
BCLIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.