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.
On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 4.6 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Lalit Agrawal (HUF), part of the Promoter Group of Glen Industries Ltd, acquired 30,000 equity shares from public shareholders on March 19, 2026. The shares were bought at the prevailing market price of Rs. 65.42 per share, totaling approximately Rs. 19.63 lakh. As a result, the aggregate shareholding of the Promoter and Promoter Group rose slightly from 73.05% to 73.17% of the total paid-up equity share capital. The company confirmed that this acquisition complies with minimum public shareholding requirements under SEBI regulations. The size of the acquisition is relatively small, representing just a 0.12 percentage point increase in promoter holding.
This is a mild positive signal indicating promoter confidence in the company, as insiders are buying from the open market. However, given the small size of the purchase (only Rs. 19.63 lakh), it is unlikely to have any meaningful impact on the stock price or shareholding dynamics.