The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Om Prakash Mangal & PACs
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Awaiting price reaction for this filing.
Om Prakash Mangal, a promoter of Hindprakash Industries Ltd, along with Persons Acting in Concert (PACs), disclosed a disposal of 4,00,000 equity shares (3.50% of total share capital) on June 10, 2025. The shares were transferred off-market by way of gift, not sold in the open market. Following this disposal, Om Prakash Mangal's individual holding dropped from 14,70,000 shares (12.87%) to 10,70,000 shares (9.37%) of the company. The total share capital of the company remained unchanged at Rs. 11.42 crore (1,14,24,110 equity shares).
The promoter's personal stake has fallen below 10%, but since the transfer is a gift (off-market) rather than a market sale, it does not create selling pressure on the stock price. Shareholders should monitor whether the overall promoter group holding changes significantly and watch for any further disclosures from PACs.