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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Mr. Vatsal Agarwaal, who is not part of the promoter/promoter group, has disclosed the acquisition of 3,88,868 equity shares (7.22%) of Delta Industrial Resources Ltd through open market transactions. His holding went from NIL before the acquisitions to 7.22% after, across multiple purchase dates between February 2025 and August 2025. The company's total equity share capital is 53,93,000 shares of Rs. 10 each, so the acquired shares represent roughly 1 share in every 14 outstanding. All purchases were made in the open market in lots ranging from about 17,000 to 75,000 shares at a time.
This is a non-promoter creeping acquisition that has reached 7.22%, close to the 10% SEBI takeover threshold. Any further buying above 10% would trigger a mandatory open offer to all shareholders, so investors should watch for additional disclosures from this buyer.