The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Singhal Enterprises
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On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 0.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Singhal Enterprises, which is NOT part of the promoter group, has disclosed acquisition of 23,75,000 shares (1.99%) of Kisan Mouldings Limited under SEBI SAST Regulation 29(2). Before this acquisition, Singhal Enterprises held 1,00,00,000 shares (8.37%) in the company. Post-acquisition, their total holding rises to 1,23,75,000 shares (10.36%), crossing the key 10% threshold. No encumbrance or pledge activity is involved — this is a straightforward purchase of voting shares on BSE.
A non-promoter entity crossing the 10% ownership mark is significant — it may attract SEBI open-offer obligations (26% mandatory offer) and signals that a sizeable outside shareholder is building a meaningful stake. Existing minority shareholders should watch for any further disclosures or an open-offer announcement from Singhal Enterprises.