The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arvind Harlalka
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Promoter Arvind Harlalka has disclosed receiving 1,99,341 equity shares via a bonus issue allotted by Gretex Corporate Services on 11-04-2025, representing 0.88% of the expanded equity base. Post-allocation, his individual holding stands at 4,20,831 shares (1.86%). The bonus issue nearly doubled the company's share capital from 1.19 crore to 2.26 crore equity shares. The total promoter and promoter group holding remains at 64.02% (1.44 crore shares), with no change in actual ownership percentage since the bonus was distributed pro-rata to all shareholders.
This is a routine corporate-action disclosure and not a meaningful change in promoter stake. Since it stems from a bonus issue rather than a market purchase or sale, there is no impact on shareholding percentage or stock price. Investors should note the strong promoter group holding of 64%, indicating promoter confidence, but no new capital is being deployed by promoters.