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 individual, has purchased 71,373 equity shares of Delta Industrial Resources Ltd on September 11, 2025 through an open market transaction. His total holding in the company has risen from 5,79,540 shares (10.75%) to 6,50,913 shares (12.07%). The disclosure was filed under Regulation 29(1)/29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The acquirer has explicitly confirmed he does not belong to the promoter or promoter group. The company's total equity share capital remains 53,93,000 shares of Rs. 10 each (paid-up capital of Rs. 5.39 crore).
A non-promoter is steadily accumulating shares through the open market and has now crossed the 12% mark. Investors should watch for further purchases, as crossing the 15% threshold would typically trigger an open offer obligation under SEBI takeover rules.