Disclosure under Regulation 29(2) of SEBI (SAST) Regulations 2011.
Awaiting price reaction for this filing.
Suryavanshi Spinning Mills has filed a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This regulation requires promoters or major shareholders to disclose acquisitions or disposals of shares that cross prescribed thresholds (typically 2% increments or crossing 5%, 10%, 14%, etc.). The specific details of the transaction — including the entity involved, whether it is a buy or sell, the number of shares, and the resulting shareholding percentage — are not available in the headline alone.
SAST disclosures are routine regulatory filings and, on their own, do not necessarily signal a major change in control. Shareholders should look for the detailed disclosure to understand if promoter holdings are increasing or decreasing, which could influence confidence in the stock.