The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Mundhra & Naresh Kumar Mundhra
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Manju Mundhra, along with her son Naresh Kumar Mundhra (Person Acting in Concert), acquired 11,93,762 equity shares (0.19% of voting capital) of Growington Ventures India Ltd through open market on 16.02.2026. The combined holding of the acquirer and PAC rose from 3,10,54,016 shares (4.83%) to 3,22,47,778 shares (5.02%), crossing the 5% substantial acquisition threshold under SEBI SAST rules. The acquirers are explicitly stated as NOT being part of the promoter/promoter group. The acquisition was made in cash through the open market, and the total equity share capital of the company is Rs 64,22,15,760 divided into 64,22,15,760 equity shares of Rs 1 each.
This is a non-promoter creeping acquisition that has just crossed the 5% disclosure threshold. While the stake size is small in absolute terms, it signals growing interest from an external acquirer, and further purchases could trigger an open offer obligation if combined holdings cross applicable SEBI Takeover Regulations thresholds.