The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Seshasayee Paper & Boards Ltd
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Seshasayee Paper and Boards Limited, part of the promoter group of High Energy Batteries (India) Ltd, bought 5,461 equity shares of the company on March 30, 2026, through open market purchases at Rs. 514.39 per share. This represents 0.061% of the company's paid-up capital, taking the promoter entity's holding from 16,02,381 shares (17.876%) to 16,07,842 shares (17.937%). The total equity share capital of the company is 89,63,840 shares of Rs. 2 face value. The disclosure was filed under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.
The promoter group has marginally increased its stake in High Energy Batteries, signalling continued promoter confidence in the company. The increase is small (0.061%) and unlikely to materially impact stock price, but it reinforces promoter conviction at current levels.