The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Chunilal Shah & PACs
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Hitesh Chunilal Shah (Promoter), along with promoter group members and immediate relatives, acquired a total of 49,500 equity shares (0.31% of paid-up capital) of Harshdeep Hortico Ltd through open market purchases on three different dates: 9,000 shares on 1 Aug 2025 by Dipti Hitesh Shah, 24,000 shares on 1 Sep 2025 by Neena Vijay Shah, and 16,500 shares on 28 Nov 2025 by Hitesh Chunilal Shah. The promoter and promoter group combined holding increased from 72.77% (1,17,11,480 shares) to 73.08% (1,17,60,980 shares) of the company's total equity share capital of 1,60,94,060 shares. The disclosure was filed under SEBI Takeover Regulations Regulation 29(2).
The promoter group's increased stake signals insider confidence in the company. Although the acquisition is small in absolute terms, continued buying by promoters is generally viewed positively by retail investors and may provide share price support.