The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shailesh Daga
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Shailesh Daga, part of the promoter group of Hind Aluminium Industries Ltd, has disclosed the acquisition of 6,55,848 equity shares (10.41% of share capital) under SEBI Takeover Regulations. The shares were acquired off-market on 30 July 2025 from fellow promoter group members — 5,48,848 shares from Lalit Kumar Daga and 1,07,000 shares from Lalit Shailesh Daga HUF. Before the deal, Shailesh Daga held 3.98% (2,50,982 shares); after the acquisition, his stake rises to 14.39% (9,06,830 shares). The total promoter group holding of the company remains unchanged since this is an internal reshuffle within the promoter family.
This is a non-event for the stock price as it is merely a reallocation of shares within the promoter family. No new money enters the company and overall promoter control remains the same. Shareholders should note no change in total promoter ownership percentage.