The Exchange has received the disclosure under Regulation 29(1) / 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vatsal Agarwaal
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Vatsal Agarwaal, a non-promoter acquirer, bought 49,851 equity shares of Delta Industrial Resources Ltd through an open market transaction on 21 January 2026. His holding in the company increased from 10,18,010 shares (18.88%) to 10,67,861 shares (19.80%) of the total equity share capital. The total share capital of the company is 53,93,000 equity shares of Rs. 10 each. The disclosure has been filed under Regulation 29(1)/29(2) of SEBI's Takeover Regulations, and the acquisition has been described as indirect in the filing.
This is a notable non-promoter creeping acquisition pushing the buyer's stake to just 0.20% shy of the 20% disclosure threshold, which could lead to further buying or trigger additional regulatory disclosures. For retail investors, it signals active non-promoter interest in this small-cap stock, though the acquirer's stake remains below the level that would compel a mandatory open offer.