KCP Sugar and Industries Corporation Limited has informed the Exchange regarding 'Disclosure under Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
KCPSUGIND · price
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Awaiting price reaction for this filing.
Mr. Vinod R. Sethi, Promoter and Executive Chairman of KCP Sugar and Industries Corporation, acquired 1,25,000 equity shares (0.10% of total share capital) from the open market over three trading sessions on 23, 24, and 25 February 2026. The purchases were in tranches of 50,000, 50,000, and 25,000 shares respectively. After these acquisitions, his shareholding in the company increased from 4,23,610 shares (0.38%) to 5,48,610 shares (0.48%). The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a small, confidence-signalling open-market purchase by the promoter, indicating continued belief in the company. However, the increase in stake is minimal (0.10%) and unlikely to have a material impact on the stock price or overall shareholding pattern.