The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandni Machines Ltd
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Chandni Machines Limited, part of the promoter group of Candour Techtex Limited, bought 4,27,588 equity shares (2.28% of share capital) through open market purchases on 30 September 2025. Before this purchase, the promoter group held 61,69,411 shares (32.89%), which has now risen to 65,96,999 shares (35.17% of total share capital and 34.43% on a diluted basis). The acquisition was disclosed under SEBI's SAST Regulations and signed by promoter Jayesh R Mehta on 3 October 2025. The total share capital of the company remained unchanged at Rs.18.76 crore across 1.87 crore equity shares.
This is a promoter-group open market purchase, which is generally viewed as a positive signal indicating confidence in the company's prospects. The promoter holding has increased meaningfully to over 35%, reducing free-float and potentially signalling continued insider support for the stock.