Gaurang Vasani has submitted to the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulation 2011.
IRISDOREME · price
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Awaiting price reaction for this filing.
Gaurang Vasani, likely a promoter or person in control of Iris Clothings Limited, has submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the Exchange. This regulation typically requires promoters or controlling persons to disclose changes in their shareholding, particularly acquisitions or sales crossing certain thresholds (such as the 2% creeping acquisition limit). The specific details of the transaction — whether it was a purchase, sale, or the quantum of shares involved — are not provided in the announcement headline.
Without details on the direction (buy or sell) or size of the change in shareholding, the impact on shareholders or stock price is unclear. Investors should check the full disclosure on the NSE/BSE portal to understand whether this signals a promoter increasing, reducing, or maintaining their stake.