The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hiten Shah
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Hiten Nemchand Shah and his HUF (Persons Acting in Concert) filed a disclosure under SEBI SAST Regulations for open market transactions. Before the transaction, the acquirer group held 2,12,613 shares (6.19%) — Hiten Shah individually held 1,70,601 shares (4.97%) and Hiten Shah HUF held 42,012 shares (1.22%). During 16–28 April 2026, Hiten Shah purchased 1,08,603 shares (3.16%) and Hiten Shah HUF purchased 42,012 shares (1.22%), totalling 1,50,615 shares (4.39%). After the transaction, the combined holding fell to 1,04,010 shares (3.03%) — Hiten Shah's personal holding dropped sharply from 4.97% to 1.81%. The acquirer confirmed they are not part of the promoter/promoter group. Total share capital of the company is Rs. 3,43,30,000 divided into 34,33,000 equity shares of Rs. 10 each.
Hiten Shah significantly reduced his personal stake from ~5% to ~1.8% in open market transactions, while his HUF acquired shares. The combined group's holding decreased from 6.19% to 3.03%, indicating selling pressure from a significant shareholder who is not a promoter.