Electrosteel Castings Limited has informed the Exchange regarding 'Disclosure under regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 '.
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Electrosteel Castings Limited filed a disclosure under SEBI Insider Trading Regulations regarding a share purchase by Electrosteel Thermal Coal Limited, part of the company's Promoter Group. The promoter group entity bought 2.05 crore (2,05,00,000) equity shares on March 18, 2026, through the National Stock Exchange (NSE) for an aggregate value of Rs 143.74 crore (Rs 1,43,74,13,239.50). This translates to an average purchase price of roughly Rs 70 per share, and the promoter group's holding now stands at 3.32% of the company. The disclosure was made via Form C as required under Regulation 7(2) read with Regulation 6(2).
An open-market purchase of this size by a promoter group entity is generally viewed positively by retail investors, as it signals insider confidence in the company's prospects. The substantial investment of nearly Rs 144 crore could lend near-term support to the stock price.