The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asad Kagdi

Promoter Stake BuyCreeping Acquisition Near ThresholdPromoter Below 50pctOwnership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.8%Reaction day

₹92.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-4.9% vs market

Industrial Products peers, median of 118sector-1.3%-4.5% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.5 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-5.8-0.8-4.9-1.3-4.5

Next day

-7.6+0.7-8.3+0.0-7.6

-7.6-1.4-6.2-2.1-5.5

-8.7-1.3-7.4-1.9-6.8

-12.0+0.7-12.7-0.6-11.4

-12.5+0.3-12.8-1.9-10.6

-11.8+0.9-12.7-0.9-11.0

15d

-6.0+6.8-12.7+3.8-9.8

-18.5+4.3-22.7+1.0-19.5

-30.4-8.7-21.7-11.6-18.8

-6.5+8.6-15.1+6.1-12.6

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 118Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Asad Fazlurrehman Kagdi, a promoter of Hawa Engineers Ltd, acquired 60,000 equity shares (1.68%) through the open market on 20 January 2026. His total holding rose from 2,07,239 shares (5.88%) to 2,67,239 shares (7.56%) of the company's equity capital. The company has 35,26,400 total equity shares of Rs. 10 each. The filing also notes 60,000 shares (1.68%) were released from encumbrance alongside the acquisition. The disclosure is made under Regulation 29(2) of the SEBI Takeovers Regulations, 2011.

Likely market impact

This is a promoter buying more shares in the company, which is generally viewed positively as a signal of insider confidence. However, promoter holding remains low at 7.56%, indicating widely dispersed ownership. The move brings the promoter closer to the 10% disclosure threshold.