The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Joy Mahesh Godiwala
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Joy Mahesh Godiwala, part of the Promoter/Promoter Group of Kiran Syntex Ltd, has acquired 1,00,000 equity shares (2.35% of the company's share capital) through the open market on 28 March 2025. Prior to this acquisition, the promoter held 3,93,421 shares (9.25%), and after the purchase, the holding has risen to 4,93,421 shares, representing 11.61% of the total equity share capital. The disclosure has been filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity share capital of the company remains at 42,49,900 shares of face value Rs. 10 each.
This is a positive signal as it shows promoter confidence in the company, with the promoter increasing their stake and crossing the 10% shareholding threshold, which may boost retail investor sentiment.