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, a non-promoter acquirer, has disclosed the purchase of 50,000 equity shares on 3 September 2025 and 35,073 shares on 4 September 2025 of Delta Industrial Resources Ltd through open market transactions. Following these latest acquisitions, his total holding in the company stands at 5,30,540 equity shares, representing 9.84% of the paid-up share capital (53,93,000 equity shares of Rs. 10 each). The disclosure table also shows a series of earlier open market purchases between February and September 2025, indicating a steady accumulation of shares. The acquisition was carried out via open market and the acquirer has confirmed he is not part of the promoter or promoter group.
This is a creeping acquisition that has brought an external buyer just below the 10% disclosure threshold, which could trigger further regulatory disclosures or an open offer obligation if the 10% mark is crossed. For shareholders, it signals growing interest from a non-promoter entity, which may be monitored for potential impact on share price volatility and control dynamics.