The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saurabh Mittal & PACs
GREENLAM · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.3 pts less than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Greenlam Industries promoter Saurabh Mittal acquired 56,11,800 equity shares (about 2.20% of total share capital) from two other promoter-group members — Shiv Prakash Mittal (50,60,000 shares) and Santosh Mittal (5,51,800 shares) — on September 15, 2025. The transaction was carried out as an inter-se transfer within the promoter group. As a result, Saurabh Mittal's individual stake in the company rose from 9.13% to 11.33%, while Shiv Prakash Mittal and Santosh Mittal fully exited their direct holdings. The filing was made by Saurabh Mittal on behalf of himself and six Persons Acting in Concert (PACs), which include Parul Mittal, Jai Mittal, Jia Mittal, SM Greenlam Investments Pvt Ltd, S.M. Safeinvest Pvt Ltd, and Prime Properties Pvt Ltd. The company's total equity share capital remains unchanged at 25,51,47,702 shares of face value Rs. 1 each.
Since this is an internal reshuffle within the promoter family and not an open-market purchase, there is no change in the overall promoter group's economic interest in the company, so the stock price is unlikely to be materially impacted. Shareholders should note that Saurabh Mittal has consolidated his direct holding, which can be read as a sign of continuity in promoter control.