Please find the attached disclosure under Regulation 29(2) & 29(3) of the SEBI (SAST) regulation, 2011
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Mr. Hariram Garg, a member of the promoter group of Indong Tea Company Ltd, has purchased 120,000 equity shares (0.62% of the company's equity) through on-market transactions between June 3 and June 6, 2025. Prior to this acquisition, he held 19,08,773 shares (9.83%) of the company; post-acquisition, his holding stands at 20,28,773 shares (10.44%). The disclosure was filed under Regulation 29(2) & 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. With this purchase, the promoter has crossed the 10% shareholding threshold, which is a regulatory trigger under takeover norms.
This is a modest open-market purchase by a promoter signalling confidence in the company, though the size is small. Crossing the 10% threshold means the promoter is now subject to the creeping acquisition limit of 5% per financial year under SEBI takeover rules. Retail investors should note the promoter's continued buying interest.