The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jai Gunvantraj Singhvi
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Promoter Jai Gunvantraj Singhvi along with Persons Acting in Concert (PACs) acquired 1,055,873 shares (1.03%) through open market purchase on May 26, 2026. The acquisition was carried out by three entities: Jai Gunvantraj Singhvi bought 434,276 shares (0.42%), his HUF bought 76,467 shares (0.07%), and Pratik Gunvantraj Singhvi bought 545,130 shares (0.53%). The promoter group's total holding increased from 33.06% to 34.09%. The full promoter group (including family members and related LLPs) now holds 72.72% of the company's equity capital of Rs 102.2 crore (102.2 crore shares).
The promoter group continues to consolidate its holding in the company through open market purchases. With total promoter holding now at 72.72%, this strengthens promoter control. The increase in individual holding from 33.06% to 34.09% (crossing the 34% mark) may attract market attention as it approaches the 75% disclosure threshold.