The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Uday R Shah HUF & Others
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Uday R Shah HUF and three family members (Jainam Uday Shah, Monika Uday Shah, Subhadra Ramesh Shah), acting as Persons Acting in Concert, bought 40,748 equity shares (2.90%) of Soma Papers & Industries Ltd on the open market on 18 August 2025. With this purchase, their combined holding rose from 4.03% (56,487 shares) to 6.93% (97,235 shares), crossing the 5% disclosure trigger. The acquirers have stated they do not belong to the promoter or promoter group of the company. The target company has 14,02,150 equity shares of Rs 10 each as its total share capital.
A non-promoter group has accumulated a nearly 7% stake via open market buying, which may signal a creeping acquisition approach. Existing shareholders should note that further purchases beyond the 5% annual creeping limit would normally require a mandatory open offer under SEBI Takeover Regulations.