The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for TV Praveen
HALEOSLABS · price
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Awaiting price reaction for this filing.
TV Praveen, a member of the Promoter Group of Haleos Labs Ltd (formerly SMS Lifesciences India Ltd), bought 9,400 equity shares (0.31% of total share capital) from the open market on March 5, 2026, at an average price of about ₹1,300 per share. His individual holding in the company rose from 8.75% (2,64,539 shares) to 9.06% (2,73,939 shares). The total share capital of the company is 30,23,287 equity shares of ₹10 each. The disclosure was filed under Regulation 29(2) of the SEBI (SAST) Regulations, 2011, along with a pre-clearance and trade reporting under the insider trading rules. As per the annexure, the combined Promoter and Promoter Group holding stands at 72.11% of the company.
A small open-market purchase by a promoter group member is a mild confidence signal but is not large enough to materially change ownership or control, since the promoter group already holds over 72% of the company. Short-term stock price impact is likely limited.