Announced Fri, 13 Feb · 10:18 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bavel Singh & Others

Ownership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

On February 11, 2026, Mr. Bavel Singh (along with Rita Singh, Shivani Singh, and Shivangi Singh) acquired 190,800 equity shares (about 14.90% of equity capital) from Mr. Rajkumar Singh through an on-market inter-se transfer among immediate relatives of the Promoter/Promoter Group. The shares were distributed: 60,000 to Rita Singh, 50,400 to Bavel Singh, and 40,200 each to Shivani Singh and Shivangi Singh. Importantly, the aggregate promoter and promoter group holding remains unchanged at 843,411 shares (65.85%), meaning the total equity capital of 12,80,721 shares is also unaffected. This is purely an internal reshuffling within the promoter family, not a change in overall promoter ownership.

Likely market impact

No material impact on shareholders or stock price expected, as this is a routine family-level reshuffle within the promoter group. The total promoter stake and equity capital remain exactly the same, so existing shareholders are not diluted or affected.