The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Priyanandini Sarda
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Gabion Technologies India Ltd has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on behalf of Priyanandini Sarda. This regulation requires promoters and members of the promoter group to report any change of 2% or more in their shareholding or voting rights in the company, either through purchase or sale of shares. The headline does not specify the direction (buy or sell), the number of shares, or the resulting change in shareholding percentage. Without further details from the disclosure document, the exact nature and size of the transaction cannot be determined from the available information.
Reg 29(2) disclosures by promoter-group individuals are routine compliance filings and signal an active change in promoter shareholding. Shareholders should look for the accompanying PDF on the BSE website to determine whether this is an increase or decrease in promoter stake, as that will clarify the directional impact on the stock.