The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dipak Padmakant Pandya & PACs
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Mahendra Ramabhai Patel, along with persons acting in concert (PACs) belonging to the promoter and promoter group, purchased 51,200 equity shares (0.37% of total share capital) of H.M. Electro Mech Ltd through open market transactions on July 28-29, 2025. Mahendra Patel's individual stake rose from 18.33% (25,11,200 shares) to 18.70% (25,62,400 shares). The combined promoter group holding increased from 72.65% to 73.03% of the company's equity. The total equity share capital remains at 1,36,99,200 shares of Rs 10 each, valued at Rs 13.69 crore. This is an inter-se acquisition among the promoter group entities.
This is a positive signal showing promoter group confidence in the company through open market buying. The promoter holding remains very high at over 73%, indicating strong insider commitment, though it also means limited free float for retail shareholders.