Intimation under Reglation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - Acquisition of Shares by Promoter and Promoter Group
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Glen Industries Ltd informed BSE that Lalit Agrawal (HUF), part of the Promoter Group, bought 1,200 equity shares from public shareholders on March 27, 2026 at Rs. 65 per share, amounting to Rs. 78,000. As a result, the total Promoter and Promoter Group holding in the company rose marginally from 73.42% to 73.43% of paid-up equity share capital. The company confirmed this acquisition complies with minimum public shareholding norms under SEBI regulations. The purchase size is very small both in share count and value, and the increase in promoter holding is negligible at just 0.01%.
This is a token buy by the promoter group, signaling continued confidence in the company, but the quantum is too small to have any meaningful impact on shareholding pattern or stock price. Retail investors should note that promoter holding remains very high at over 73%, which keeps float limited.