The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Achal Jatia & Others
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Achal Jatia & Others, who are part of the promoter group of Hardcastle & Waud Manufacturing Company Ltd. This regulation is triggered when a promoter or substantial shareholder's holding changes by more than 2% of the company's paid-up share capital. The filing confirms a change in promoter group shareholding, though the specific direction (acquisition or disposal) and exact quantum are not stated in the headline.
Investors should watch for the detailed filing to understand whether the promoter group has increased or reduced its stake, as such moves can signal management's confidence or concerns about the company's prospects. A 2%+ change is material and may influence short-term price action.