Electrosteel Castings Limited has informed the Exchange regarding 'Disclosure under regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 '.
ELECTCAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Electrosteel Castings Limited has disclosed a share purchase by Badrinath Industries Limited, part of the Promoter Group. On 25 March 2026, Badrinath Industries bought 11,37,246 equity shares of the company through the National Stock Exchange at an aggregate cost of Rs 8,83,70,181.70 (about Rs 8.84 crore). The transaction was a market purchase, and post-acquisition Badrinath Industries holds 11,37,246 shares, representing 0.18% of the company's shareholding. The disclosure was filed in Form C under Regulation 7(2) of SEBI's Prohibition of Insider Trading Regulations, 2015.
Promoter Group buying shares on the open market is generally viewed as a positive signal, indicating insider confidence in the company's value. However, the 0.18% stake is relatively small, so the direct price impact may be limited, though it reinforces promoter commitment.