The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rachit Jain
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rachit Jain, a member of the promoter group of INDO SMC Limited, acquired 16,000 equity shares (0.07% of paid-up capital) through an open market purchase on 21st January 2026. His holding increased from 27,30,000 shares (11.94%) to 27,46,000 shares (12.01%) post-acquisition. The disclosure was filed with BSE on 22nd January 2026 under the SEBI Takeover Regulations. Several persons acting in concert (PACs) were also disclosed, including Nitin Jasvantbhai Patel, Neel Niteshbhai Shah, Rikta Bahen Sonawala, Chaitanya Patel, Reema Gupta, and Bhavesh Kumar Kiritbhai Patel.
A small open-market purchase by a promoter group member signals continued confidence in the company. While the acquisition size is minor (0.07%), the move reinforces promoter conviction. No significant share price impact is expected from this small incremental buy.