The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rahul Maganlal Timbadia
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Rahul Maganlal Timbadia, a promoter of La Tim Metal & Industries Ltd, has disclosed the acquisition of 22,000 equity shares of the company on March 18, 2026, under Regulation 29(1) & 29(2) of SEBI Takeover Regulations. The shares were purchased through the open market on the BSE. Before the acquisition, his holding stood at 1,16,91,550 shares (8.82% of the company), and after the purchase, it increased to 1,17,13,550 shares (8.84%). The total equity share capital of the company remains unchanged at approximately 13.06 crore shares of Re. 1 each and 18.40 lakh shares of Rs. 0.50 each.
This is a small open-market purchase by a promoter, indicating continued promoter confidence in the company, though the change in stake is marginal (about 0.02%) and unlikely to cause any meaningful movement in the stock price on its own.