The Exchange has received the disclosure under Regulation 29(1) / 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vatsal Agarwal
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Vatsal Agarwal, a non-promoter acquirer, bought 14,000 equity shares of Delta Industrial Resources Ltd through an open market transaction on 22 January 2026. His holding in the company rose from 10,67,861 shares (19.80%) to 10,81,861 shares (20.06%) of the total equity capital. The company has 53,93,000 equity shares of Rs. 10 each, amounting to a paid-up capital of Rs. 5.39 crore. The disclosure was filed under SEBI's substantial acquisition and takeover rules, which require intimation when shareholding levels cross certain thresholds. With this purchase, the acquirer has crossed the 20% mark and is moving closer to the 25% open offer trigger threshold.
A non-promoter steadily accumulating shares near the 25% open offer trigger threshold could signal potential takeover interest or strategic positioning, which shareholders should monitor closely. Any further purchases may trigger a mandatory open offer obligation under SEBI takeover regulations.