The Exchange has received the disclosure under Regulation 29(1) / 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vatsal Agarwaal
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Vatsal Agarwaal has disclosed the acquisition of 2,94,500 equity shares (5.46%) of Delta Industrial Resources Ltd through open market transactions, with purchases spread across five dates from February 2025 to July 2025. He had nil holding before these acquisitions and is now at 5.46% of the company's paid-up capital of Rs 5.39 crore (53.93 lakh shares). The acquirer has explicitly confirmed he does not belong to the promoter or promoter group, and the filing notes this is an indirect acquisition. The disclosure was filed to comply with the SEBI Takeover Regulations after crossing the 5% reporting threshold.
A non-promoter entity accumulating over 5% stake in a small-cap company could indicate potential strategic interest, but shareholders should monitor whether further buying pushes this toward the next 5% creeping acquisition limit (10%) which would trigger additional disclosures.