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