The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niharika Jain & Akshat Jain
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Niharika Jain (acquirer, non-promoter) purchased 5,000 equity shares (2.08%) of E & E Enterprises Ltd through the open market on 20 February 2026. Her personal stake rose from 1.67% (4,011 shares) to 3.75% (9,011 shares). Combined with PAC Akshat Jain who holds 5.55% (13,314 shares), the aggregate holding of the acquirer group increased from 7.22% to 9.30% of the company's equity share capital. The disclosure was filed under SEBI Takeover Regulations for crossing the 2% incremental acquisition band. The total equity capital of the company is small at 2,40,000 shares of Rs. 10 each (Rs. 24 lakh capital).
This is a non-promoter acquisition that takes the acquirer group's combined holding close to the 10% open-market trigger threshold under SAST rules. Retail shareholders should note this creeping build-up, but the small share base means even modest trades can move percentages significantly — the stock trades on the BSE only and has limited liquidity.