The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C Devasena
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.2 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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C. Devasena, a non-promoter acquirer, has purchased 6,41,480 equity shares (3.13%) of Groarc Industries India Ltd through open market transactions across two days — 6,40,681 shares on 17 Feb 2026 and 799 shares on 18 Feb 2026. This raises her total holding from 10,52,631 shares (5.14%) to 16,94,111 shares (8.27%) of the company's equity share capital of 2,04,66,529 shares. The disclosure is filed under SEBI's Takeover Regulations because her holding crossed the 5% reporting threshold. No encumbrance, warrants, or convertible instruments are involved, and she is not part of the promoter/promoter group.
A non-promoter entity steadily increasing her stake toward 10% could attract attention as a potential creeping acquisition; shareholders should watch whether further purchases push her past the 10% substantial acquisition trigger, which would require a more detailed open offer disclosure.