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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Awaiting price reaction for this filing.
Singhal Enterprises, which has explicitly stated it does NOT belong to the promoter/promoter group, disclosed an acquisition of 44,25,000 shares (3.70%) in Kisan Mouldings Limited under SEBI SAST Regulation 29(2). Before this transaction, Singhal Enterprises already held 76,25,000 shares (6.38%) of the company. After this acquisition, their total holding rises to roughly 10.08%, crossing the 10% ownership mark. No shares were encumbered, pledged, invoked or released as part of this filing. The disclosure was signed by Sanjeev Singhal on behalf of Singhal Enterprises and submitted to BSE on February 26, 2026.
A non-promoter entity boosting its stake beyond 10% in a single transaction signals rising strategic or financial interest in the company, and this 3.70% acquisition uses up a large chunk of the 5% annual creeping limit allowed for non-promoters. Shareholders should watch for further disclosures, as any additional buying could push the acquirer toward higher regulatory thresholds.