The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajnesh Jain
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Rajnesh Jain, a promoter of KJMC Corporate Advisors (India) Ltd, purchased 1,399 equity shares in the open market on September 24, 2025. The acquisition was made under Regulation 29(2) of the SEBI Takeover Regulations, qualifying as a creeping acquisition. His stake rose marginally from 11.66% (457,807 shares) to 11.70% (459,206 shares). The total equity share capital of the company stands at 3,92,64,400 shares, with no change in diluted capital. The transaction is small in absolute terms (just 1,399 shares) and represents a 0.04% increase in promoter's holding.
This is a minor, incremental increase in promoter holding and is unlikely to have any material impact on the stock price. It signals promoter confidence at current levels but the small size of the purchase suggests routine portfolio adjustment rather than a significant strategic move.