The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramnik Parshottambhai Vaghasiya
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Ramnik Parshottambhai Vaghasiya, a member of the promoter group of Jigar Cables Ltd, increased his stake from 4.48% (3,15,000 shares) to 11.26% (10,15,000 shares) by acquiring 7,00,000 additional shares. The acquisition happened on August 29, 2025 via a preferential issue through conversion of warrants. As a result, the company's equity share capital expanded from Rs. 7.03 crore to Rs. 9.01 crore, with total shares rising from 70.32 lakh to 90.12 lakh.
This shows promoter confidence and a strengthening of promoter holding, though at 11.26% it remains modest and well below 50%. The share dilution from the preferential issue may pressure the stock in the short term, but the promoter's increased skin in the game is a positive signal for retail investors.