The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raghav Daga
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Raghav Daga, a member of the promoter group of Hind Aluminium Industries Ltd, has acquired 7,11,404 equity shares representing 11.29% of the company's share capital through off-market inter-se transfers on 8 July and 18 July 2025. The shares were received from three promoter-group entities: L.K. Daga & Sons HUF (1,10,000 shares), Lalit Kumar Daga (46,768 shares), and Sheela Daga (5,54,636 shares). Following this acquisition, Raghav Daga's individual holding in the company has risen from 3.99% (2,51,276 shares) to 15.28% (9,62,680 shares). The total equity share capital of the company remains 63,00,200 fully paid shares of Rs.10 each.
This is an internal reshuffling within the promoter family and does not change the overall promoter group holding in the company. Shareholders should note no change in total promoter control, but Raghav Daga has now become a more significant individual stakeholder in the company.