The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Munjal Rangwala Family Trust (Trustee - Harish ....
HARSHA · price
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Munjal Rangwala Family Trust, part of the promoter group of Harsha Engineers International Ltd, has acquired 36,239 equity shares (0.04% of paid-up capital) through the open market on 29 August 2025. The Trust is the acquirer, with Harish Rangwala as trustee, and the disclosure also lists several persons acting in concert (PAC), including Vishal Rangwala, Rajendra Shantilal Shah, and others. After this purchase, the Trust's holding in the company stands at 89,432 shares (0.10% of the total equity share capital of 91,044,105 shares of face value ₹10 each). The transaction was carried out under Regulation 29(2) of the SEBI Takeover Regulations, and the disclosure has been submitted to both BSE and NSE.
This is a small open-market purchase by a promoter-group trust, indicating continued promoter confidence in the company. The stake increase is minimal (from 0.06% to 0.10%) and is unlikely to materially affect the stock price, but it signals promoter-group buying interest.