Harish Kumar Agarwal HUF, Harish Kumar Agarwal has submitted to the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
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Harish Kumar Agarwal (along with his HUF) has filed a disclosure with the stock exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose changes in their shareholding when they cross the 2% inter-se movement threshold or reach/recede from certain trigger limits. The filing confirms a change in the promoter's stake in G R Infraprojects, though the direction of the change (acquisition or sale) and exact quantum are not stated in this headline summary.
This is a routine regulatory disclosure by the promoter group confirming a shareholding change. The actual impact on the stock depends on whether it is an increase or decrease in promoter holding and the size of the change, which would be detailed in the full disclosure document on the exchanges.