The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Mishra & Others
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Awaiting price reaction for this filing.
ETT Limited disclosed a delayed SAST Regulation 29(1) filing covering an open-market purchase of 3,30,000 shares (3.18%) made by Manish Mishra along with 7 persons alleged to be acting in concert (PACs) on September 8, 2022. This took their combined holding from 4,01,911 shares (3.88%) to 7,31,911 shares (7.06%), crossing the 5% disclosure threshold. The acquirers are not part of the promoter group. Notably, the filing was made on May 9, 2025 — nearly 2.5 years after the actual purchase date — and was done pursuant to directions from SEBI's Settlement Division under the Settlement Proceedings Regulations, 2018. The acquirers have reserved the right to contest their classification as 'persons acting in concert.'
The late disclosure, coupled with a SEBI Settlement Division direction, indicates an underlying regulatory proceeding that has now been settled. Investors should view this as a regulatory compliance signal rather than a routine acquisition notice, and watch for further details of the settlement terms.