The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shreans Daga Family Trust
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Shreans Daga Family Trust, along with PACs Varun Daga Family Trust and Kanchan Daga, acquired 2,67,499 equity shares (1.93%) of Denis Chem Lab Ltd on March 27, 2026, through an off-market inter-set transfer. Their aggregate holding went from nil to 9.64% of the paid-up equity share capital (13,37,498 shares out of 1,38,76,668 shares). The acquirer has confirmed that they do not belong to the promoter or promoter group of the company. This disclosure is filed under Regulation 29(1) of SEBI (SAST) Regulations, 2011 since their combined holding crossed the 5% disclosure threshold.
This appears to be an internal family restructuring among the Daga family (likely an inter-se transfer within related trusts and individuals rather than a new external buyer entering the stock). Existing shareholders need not be alarmed as no promoter holding changed hands, though the acquirers now sit just below the 10% creeping acquisition limit, meaning any further purchases above 5% per year would trigger an open offer obligation.