Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Acquisition of Shares by Promoter and Promoter Group
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glen Industries Ltd informed the BSE that Lalit Agrawal (HUF), part of the Promoter Group, purchased 21,600 equity shares from public shareholders on March 23, 2026. The shares were bought at the prevailing market price of Rs. 67.46 per share, for a total value of Rs. 14,57,160. Following this acquisition, the aggregate Promoter and Promoter Group shareholding in the company increased marginally from 73.06% to 73.08% of the total paid-up equity share capital. The company confirmed that the transaction complied with minimum public shareholding requirements under SEBI regulations.
This is a small open-market purchase by the promoter group, signalling continued promoter confidence in the company. The increase in promoter holding is marginal (0.02%) and is unlikely to have a material impact on the stock price, but it reinforces promoter commitment to the business.