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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BSE has received a disclosure under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Rajinder Mittal, a promoter-group member of BCL Industries Ltd. Regulation 29(2) filings are typically made by promoters or persons acting in concert to report changes in their shareholding or voting rights in the company. The actual details of the transaction (buy or sell, number of shares, and revised holding percentage) are not available because the linked BSE document page could not be retrieved. Investors are advised to check the full disclosure on the BSE corporate announcements page once it is accessible.
Without the actual transaction details, the precise impact on shareholder structure or stock price cannot be determined. Once the full disclosure is reviewed, investors will get clarity on whether this is an increase or decrease in promoter holding and whether any creeping-acquisition threshold is being approached.