The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narasimharao Anumala & Others
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Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, filed by Narasimharao Anumala along with other persons (likely persons acting in concert). This regulation requires acquirers holding more than 5% (and promoters/PAC) to disclose every 2% or more change in their shareholding in a financial year. The headline does not specify whether the change was an acquisition or disposal, the quantum of shares, or the resulting shareholding percentage. This appears to be a routine compliance filing indicating an ongoing change in promoter-group holdings in KS Smart Technologies Ltd.
Routine regulatory disclosure with no immediate price-action implication on its own. Investors should look for the detailed disclosure (including whether holdings went up or down and by how much) to gauge any meaningful shift in promoter or PAC control of the company.