The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padam Dugar & Others
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Colinz Laboratories Ltd received disclosures under SEBI SAST Regulations on May 22, 2026. Mr. Padam Dugar, along with Persons Acting in Concert (PAC) — identified as Lilhitta Dugar and Arhjana Dugar — acquired 3,78,000 equity shares via an off-market transaction. The total consideration was Rs. 2,51,91,000. The acquisition represents 1% of the total share capital. The shares were acquired free of any encumbrance, pledge, or undertaking. The disclosure was submitted by the CFO Ganesh Chitte.
A 1% off-market acquisition by the promoter group may indicate a gradual creeping acquisition strategy. Shareholders should monitor future disclosures as the acquirer approaches the 5% trigger threshold under SAST regulations.