The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Kumar Jain & Ramesh Jain HUF
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Ramesh Kumar Jain and Ramesh Jain HUF, acting as persons acting in concert (PAC), acquired 48,000 equity shares (0.51%) of Kaarya Facilities and Services Ltd through open market purchases on 18th July 2025. Ramesh Kumar Jain bought 12,000 shares (0.13%) and Ramesh Jain HUF bought 36,000 shares (0.38%). With this acquisition, their combined holding crossed the 5% threshold, rising from 4.55% (4,26,000 shares) to 5.06% (4,74,000 shares) of the company's equity capital. The acquirers have clarified that they do not belong to the promoter or promoter group. The total equity share capital of the company stands at 93,50,258 shares of face value Rs. 10 each.
This is a non-promoter acquisition crossing the 5% disclosure threshold under SAST regulations, which may indicate growing institutional or HUF interest in the stock. While not a promoter-driven move, the crossing of 5% is a notable event that could signal potential further acquisitions, and shareholders should watch for any future creeping acquisitions approaching higher thresholds.