The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Western Press Pvt Ltd
FOODSIN · price
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Foods & Inns Ltd has informed the exchange about a disclosure received under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Western Press Pvt Ltd, a member of the promoter group. This regulation requires reporting when a shareholder crosses prescribed shareholding thresholds (such as 5%) or makes incremental acquisitions/disposals above 2% in a financial year. The specific direction of the transaction (acquisition or disposal) and the exact change in shareholding are not detailed in the headline. Western Press Pvt Ltd is associated with the promoter family of Foods & Inns Ltd.
This is a routine regulatory disclosure related to promoter group shareholding movement and does not, by itself, indicate any change in control. Shareholders should monitor for further details on whether the promoter group is increasing or reducing its stake, which could influence sentiment around the stock.