Please find the attached disclosure under Regulation 7(2) of SEBI (PIT) regulation, 2015
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Hariram Garg, a promoter of Indong Tea Company Ltd, disclosed the purchase of 1,20,000 equity shares between 3 June 2025 and 6 June 2025 through open market transactions. Prior to this acquisition, he held 19,08,173 shares (9.83% of the company). After the purchase, his holding stands at 20,28,173 shares, representing 10.44% of the company's paid-up equity share capital. This disclosure was filed under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, triggering the mandatory reporting requirement as his stake crossed the 10% threshold.
This is a positive signal showing insider confidence, as a promoter increased his stake and crossed the 10% mark, which may be viewed favorably by retail investors but could also attract regulatory attention given the crossing of the 10% disclosure threshold.