The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asma Farooqi
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.3 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mrs. Asma Farooqi, a promoter of K&R Rail Engineering Ltd, acquired 10,90,607 equity shares on 30 October 2025 through the conversion of 7% Optionally Convertible Redeemable Preference Shares (OCRPS) into equity shares of Rs. 10 each. Her stake in the company rose from 3,00,000 shares (1.05%) to 13,90,607 shares (3.33%), an increase of 2.61%. The total equity share capital of the company remains 4,18,07,812 shares. This is a disclosure under SEBI's substantial acquisition and takeover regulations, filed by the promoter herself.
This is a promoter-driven increase in shareholding via OCRPS conversion, which signals promoter confidence but does not involve any open-market buying. Since her stake remains well below the 5% disclosure threshold, there is no immediate impact on stock price, though it modestly strengthens the promoter's equity position.