The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikas Jain HUF
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Insolation Energy Ltd informed BSE that it received a disclosure from Vikas Jain HUF, a member of the Promoter Group, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, along with Regulation 7(2) of the Insider Trading Regulations. Reg 29(2) disclosures are filed when a shareholder's voting rights change by more than 2% in a quarter, or when there are changes to pledged shares or encumbrances. The actual Form C containing the direction (buy/sell/pledge change), quantity, and percentage change has not been included in the document shared. Promoter-group entities routinely file such disclosures for ordinary trades, pledge creations, or releases, so the exact nature cannot be confirmed from this cover letter alone.
This is a routine regulatory disclosure by a promoter-group entity and on its own is neutral for the stock. Investors should wait for the attached Form C to see whether it represents a buy, sell, or pledge-related event before drawing any conclusion about promoter intent or stake changes.