The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jagruti Synthetics Pvt Ltd
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Awaiting price reaction for this filing.
Jagruti Synthetics Private Limited, part of the promoter group of Kamadgiri Fashion Limited, purchased 52,871 equity shares (0.90% of share capital) through open market transactions on 5 March 2026. This raises the entity's holding in the company from 2,62,329 shares (4.47%) to 3,15,200 shares (5.37%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011. With this purchase, the promoter entity has crossed the key 5% shareholding threshold, moving into the 5–10% bracket where the creeping acquisition limit of 2% per financial year becomes applicable.
This is a mild positive signal as the promoter group is increasing its economic interest in the company, suggesting confidence in the business. However, the acquisition size is small, so direct impact on share price is likely limited. Investors should note that further promoter purchases above 2% in the financial year would require additional disclosures.