The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Basant Kabra
CONTROLPR · price
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Mr. Basant Kabra, Managing Director and Promoter of Control Print Ltd, filed a disclosure under SEBI Regulation 29(1) and 29(2) regarding an increase in his shareholding. His holding rose from 7,18,879 shares (4.49%) to 20,94,876 shares (13.09%), an addition of 13,75,997 shares (8.60%). The shares were acquired through 'Transmission of Shares' rather than an open market or preferential allotment purchase. The equity share capital of the company remained unchanged at ₹15.99 crore (1,59,94,212 shares of ₹10 each). Transmission of shares typically occurs when shares are inherited, so this likely reflects shares passing to the promoter through succession rather than a fresh purchase.
The promoter's effective stake has nearly tripled to 13.09%, which is generally viewed as a positive signal of promoter commitment. However, since the increase came through transmission (inheritance) and not a market purchase, no new capital was deployed by the promoter, so this should not be read as a conventional 'insider buying' signal.