The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahesh Komaraiah Egurla & Rubika Egurla
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Mahesh Komaraiah Egurla and Rubika Egurla (Persons Acting in Concert), who are not part of the promoter/promoter group, acquired 6,956 equity shares (0.20% of the total share capital) of Kuber Udyog Ltd through a market purchase on June 6, 2025. With this acquisition, their combined shareholding in the company increased from 1,65,852 shares (4.83%) to 1,72,808 shares (5.03%), thereby crossing the 5% disclosure threshold under the SEBI Takeover Regulations. Kuber Udyog has an equity share capital of Rs. 3,43,30,000 divided into 34,33,000 equity shares of Rs. 10 each, and the shares are listed on BSE.
This is a relatively small acquisition (just 6,956 shares) by non-promoter individuals that pushed their holding past the 5% regulatory disclosure mark. The size of the purchase is minimal relative to the company's capital, so any direct impact on the stock price is unlikely. However, it signals that these acquirers are building a meaningful stake in the company and may need to be watched for further acquisitions.