The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Rangwala Family Trust & PACs
HARSHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Harsha Engineers International Ltd has informed the exchange about a disclosure filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The disclosure pertains to Vishal Rangwala Family Trust along with Persons Acting in Concert (PACs), who are part of the promoter group. Regulation 29(2) requires promoters and major shareholders to disclose any change in their voting rights exceeding 2% or when holdings cross the 5% threshold. The headline does not specify whether this is an acquisition or disposal, nor the exact size of the change.
This is a mandatory regulatory disclosure by a promoter group entity. Investors should look for the detailed filing to determine if the promoter group is buying or selling, as either move can affect sentiment around promoter confidence in the company.