The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajinder Mittal
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Rajinder Mittal, one of the promoters of BCL Industries Limited, bought 42,000 equity shares in the open market on March 5, 2026. This marginally increased his stake from 15.05% (4,44,27,912 shares) to 15.06% (4,44,69,912 shares), a rise of just 0.01%. The company's total equity share capital stands at 29,51,63,340 shares of Re. 1 each, and the disclosure was filed as required under SEBI's Substantial Acquisition of Shares & Takeovers Regulations. No encumbrance, pledge, or off-market activity is involved — this is a straightforward open-market purchase by the promoter.
The purchase is a small, token acquisition that signals promoter confidence in the company, but the 0.01% increase in holding is too minor to materially affect share price or ownership dynamics. Shareholders may view it as a mildly positive sign of insider faith, without any meaningful change in control.