The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Mundhra & Naresh Kumar Mundhra
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Awaiting price reaction for this filing.
Manju Mundhra and her Person Acting in Concert (PAC) Naresh Kumar Mundhra have filed a revised SAST disclosure with BSE, correcting an error in their earlier submission dated 02.03.2026. The correction reduces Naresh Kumar Mundhra's reported sale from 10,00,000 shares to 4,92,429 shares (revised percentage 0.07% instead of 0.15%). Manju Mundhra acquired 1,10,00,000 equity shares (1.71%) via open market on 26.02.2026. After the transaction, the combined holding of the acquirer and PAC stands at 3,73,15,304 shares, representing 5.81% of the company's paid-up equity capital (which comprises 6,42,21,570 shares of face value Rs 1 each). The acquirers clarified they do not belong to the promoter/promoter group of the company.
This is a correction filing rather than a new transaction, so the immediate stock impact is limited. However, it confirms that non-promoter entities have built a 5.81% stake in the company via open market purchases, which retail investors may track as a sign of external interest in this small-cap BSE-listed stock.