The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nitin Jasvantbhai Patel
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.8 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Nitin Jasvantbhai Patel purchased 20,000 equity shares of INDO SMC Ltd in the open market on 21st January 2026. This increased his shareholding from 27,30,000 shares (11.94%) to 27,50,000 shares (12.03%) of the company. The acquisition was disclosed under Regulation 29(2) of SEBI's SAST Regulations, 2011. The total equity share capital remains unchanged at Rs. 22,85,53,550 divided into 2,28,55,350 shares of Rs. 10 each. Persons Acting in Concert (PAC) include Neel Niteshbhai Shah, Riktabahen Sonawala, Chaitanya Patel, Rachit Jain, Reema Gupta, and Bhaveshkumar Kiritbhai Patel.
This is a small but confidence-signalling open market purchase by a promoter, marginally increasing his stake to 12.03%. While the quantum is small, promoter buying is generally viewed positively by retail investors as it indicates insider confidence in the company.