The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rima Arora
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Rima Arora, a member of the promoter group, acquired 15,000 equity shares of HB Estate Developers on September 9, 2025 through open market purchase. This is a revised disclosure correcting typographical errors in the original filing dated September 10, 2025. Rima Arora's personal holding went from 3,52,237 shares (1.59%) to 3,67,237 shares (1.65%) of equity capital. The total promoter group holding marginally increased from 69.56% to 69.62% of equity capital post-acquisition. The acquisition is a minor, incremental purchase with no change in control or any encumbrance activity.
The acquisition is very small (0.07% of equity) and has negligible impact on the stock or shareholding pattern. Promoter group continues to hold a dominant 69.62% stake, indicating strong promoter control. No material action expected from this routine disclosure correction.