The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devendra Surana & Others
BHAGYANGR · price
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Awaiting price reaction for this filing.
Narender Surana, along with other promoters and Persons Acting in Concert (PAC), disclosed a combined market transaction between 16 August 2024 and 31 December 2025: they acquired 50,136 equity shares but sold 819,807 equity shares, resulting in a net 2% change in capital. Pre-transaction promoter holding was 2,28,35,162 shares (71.37%), which dropped to 2,20,65,491 shares (68.97%) after the transactions. The buying and selling entities (Devendra Surana, Sunita Surana, Bhagyanagar Securities on one side; Surana Telecom, Surana Infocom, Manish Surana, Narender Surana, Vinita Surana, Shresha Surana on the other) are all part of the promoter/PAC group, indicating an internal reshuffle of holdings. The company's total equity capital remains unchanged at 3,19,95,000 shares of Rs. 2 each.
The promoter group's overall stake has declined by about 2.4 percentage points (from 71.37% to 68.97%), which is a meaningful reduction but still leaves promoters firmly in control with well above a majority. Since the transactions are largely inter-se within the promoter family, the impact on free-float and stock price is expected to be limited, though retail investors should note the net promoter selling of ~8.2 lakh shares in the open market.