The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HSM Investments Ltd
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Awaiting price reaction for this filing.
HSM Investments Ltd, part of the promoter and promoter group of Bengal Steel Industries Ltd, has disclosed an acquisition of 10,53,936 equity shares (21.51% of the share capital) on 15 November 2025. The acquirer's holding in the company rose from 50,010 shares (1.02%) to 11,03,946 shares (22.53%). The shares were acquired through an off-market transfer as part of a Scheme of Amalgamation under Regulation 10(1)(d)(ii) of the SEBI Takeover Regulations, not via open market purchase. The total equity share capital of the company remained unchanged at Rs. 4.90 crore.
This is a significant promoter-side consolidation move where one promoter entity increases its stake to roughly 22.53%, signalling long-term commitment by the promoter group. However, since the acquisition is a pre-arranged transfer under an amalgamation scheme rather than an open-market buy, it is unlikely to trigger immediate price movement on its own.