Creative Newtech Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. '.
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Promoters Ketan Patel, Nidhi Patel (Acquirers) and Purvi Patel (PAC) reported an increase in their stake in Creative Newtech Limited. The promoter group's combined holding rose from 79,98,720 shares (53.27%) to 85,02,220 shares (56.62%), an increase of 5,03,500 shares. This comprised 5,00,000 shares acquired by Ketan Patel on January 3, 2025 via conversion of warrants into equity shares, and 3,500 shares bought by Nidhi Patel on August 11, 2025 through open market purchase. The disclosure is filed under SEBI's creeping acquisition limit norms, as the promoter group crossed incremental shareholding thresholds.
This signals promoter confidence in the company, with the promoter group strengthening its majority control from 53.27% to 56.62%. For shareholders, this is generally a positive signal indicating insider belief in the company's prospects, though it also reduces the public float available in the market.