Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - Acquisition of Shares by Promoter and Promoter Group
Price
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Glen Industries Ltd informed the stock exchange that Lalit Agrawal (HUF), part of the Promoter Group, bought 21,600 equity shares from public shareholders at Rs. 62.08 per share, totaling around Rs. 13.41 lakhs, on March 30, 2026. Following this purchase, the aggregate Promoter and Promoter Group shareholding in the company rose marginally from 73.43% to 73.52% of the total paid-up equity capital. The company confirmed that the minimum public shareholding requirement as per SEBI regulations continues to be met after this acquisition. The purchase was carried out at the prevailing market price through a block deal from the open market.
This is a small, incremental open-market purchase by the promoter group, signaling continued promoter confidence in the company. With promoter holding already very high at 73.52%, free float remains limited, which may keep trading volumes thin, but no major impact on share price is expected from this small-sized acquisition.