The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akasht Jain & PACs
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Awaiting price reaction for this filing.
Akshat Jain (acquirer) along with Niharika Jain (Person Acting in Concert) has disclosed an open-market acquisition of 7,011 equity shares (2.92%) of E & E Enterprises Ltd on 17 February 2026. Prior to this acquisition, Akshat Jain held 6,303 shares (2.63%) and the PAC Niharika Jain held 4,011 shares (1.67%), giving a combined pre-acquisition holding of 4.30%. Post-acquisition, Akshat Jain's holding stands at 13,314 shares (5.55%) and the combined holding with PAC is 17,325 shares (7.22%). The total equity share capital of the company is 2,40,000 shares of Rs. 10 each. Importantly, the acquirer has clarified that he does not belong to the promoter/promoter group of the company.
Since the acquirer is not a promoter, this is a non-promoter open-market purchase that has crossed the 5% SEBI disclosure threshold, which is why the filing was triggered. For shareholders, this signals fresh interest from an outside buyer, but given the very small absolute number of shares (17,325 shares) and low free float, price impact on the stock is likely to be negligible.