The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for India Fast Forward Advisory Services Pvt Ltd
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India Fast Forward Advisory Services Private Limited, a non-promoter shareholder, has acquired 11,00,000 equity shares (0.76%) of Deep Diamond India Limited through the open market on October 14, 2025. Before the purchase, the acquirer held 69,00,000 shares (4.79% of the company). After the acquisition, total holding rose to 80,00,000 shares, equivalent to 5.55% of the share capital. This disclosure under SEBI SAST Regulation 29(1) was triggered because the acquirer's stake crossed the 5% reporting threshold. The acquisition was made in cash via the stock exchange mechanism and the acquirer is not part of the promoter/promoter group.
A non-promoter entity quietly increasing its stake above 5% may signal early institutional or strategic interest in the stock, which could be mildly positive for price action. However, since the acquirer is not a promoter and the purchase size is small, there is no immediate governance or control impact for existing retail shareholders.