The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chirag Hasmukhbhai Patel & Others
MBEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Five members of the promoter group of M & B Engineering Ltd collectively bought 50,000 equity shares on 16th February 2026 through open market purchases. The buyers are Chirag Hasmukhbhai Patel (15,000 shares), Malav Girishbhai Patel (12,500 shares), Umaben Girishbhai Patel (10,000 shares), Birva Chirag Patel (7,500 shares), and Aditya Vipinbhai Patel (5,000 shares). The acquisition raised the combined promoter group holding from 70.45% (4,02,59,741 shares) to 70.54% (4,03,09,741 shares), a marginal increase of 0.09 percentage points. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011. Total equity share capital of the company remains 5,71,48,215 shares.
This is a small open-market purchase by the promoter group, signaling continued promoter confidence, but the 0.09% increase is unlikely to materially move the stock price.