The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arjan Lalchandani
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Arjan Lalchandani, who appears to be a member of the promoter/promoter group. Regulation 29(2) requires promoters to disclose changes in their shareholding exceeding 2% of the company's total share capital. The filing signals a notable change in promoter-level shareholding, though the specific direction (acquisition or sale), exact quantum, and the resulting shareholding percentage are not stated in the headline. Shareholders should refer to the detailed disclosure on the BSE portal for the precise transaction details and revised promoter holding.
This is a routine compliance disclosure under takeover regulations, not necessarily positive or negative for the stock. Investors should look at whether the change is a buy (signaling promoter confidence) or a sell (possible profit booking or pledge-related action) to assess the actual impact.