The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravinder Nath Jain & Others
MAANALU · price
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Promoter Ravinder Nath Jain and persons acting in concert (Alka Jain, Priti Jain, Dipti Jain) acquired 16,46,500 equity shares (2.74% of post-issue capital) of Maan Aluminium through a preferential allotment on 16 January 2026. Despite the share count rising from 3.18 crore to 3.35 crore shares, their percentage holding actually dipped from 58.87% to 55.82% because the company's total share capital expanded from 5.41 crore to 6.00 crore equity shares. Ravinder Nath Jain received the largest tranche of 12,26,500 shares, while Alka Jain, Priti Jain, and Dipti Jain collectively got 4,20,000 shares. No encumbrance (pledge) was created, and the acquisition was done at the promoter level only.
The promoter group's absolute shareholding has increased, showing continued commitment and confidence in the company. However, the percentage dilution indicates other shareholders may also be participating in the preferential issue, which could modestly affect promoter's control. No negative pledge or encumbrance signals, so the stock impact should be neutral to mildly positive.