The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varun Daga Family Trust
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Varun Daga Family Trust, along with persons acting in concert (Shreans Daga Family Trust and Kanchan Daga), acquired 2,67,499 equity shares (1.93%) of Denis Chem Lab Ltd through an off-market transaction on 27 March 2026. The acquirer is not part of the promoter/promoter group of the company. After this acquisition, the combined holding of the trust and its PACs stands at 13,37,498 shares, representing 9.64% of the paid-up equity share capital. This disclosure is being made to the company and BSE under SEBI takeover regulations because the holding is approaching the 10% disclosure threshold.
This is a non-promoter acquisition bringing the acquirer group's stake to 9.64%, very close to the 10% SAST threshold, which may signal potential further buying interest in the stock. Retail investors should watch for any additional acquisitions that could trigger open offer obligations or further disclosures.