The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mamta Rajiv Agrawal
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Mamta Rajiv Agrawal, part of the promoter group of Mahip Industries Ltd, acquired 9,50,000 shares (4.94%) of the company through an off-market transaction on March 12, 2026. Her stake in the company rose from 2,78,528 shares (1.45%) to 12,28,528 shares (6.39%), crossing the 5% significant shareholder threshold. The total equity share capital of the company remained unchanged at Rs. 19,23,99,840 divided into 1,92,39,984 equity shares of Rs. 10 each. No encumbrance (pledge/lien) was created on these shares as part of the transaction.
This is a promoter-group acquisition that signals confidence from insiders in the company. The promoter group's combined holding now stands at 6.39%, which could be viewed positively by retail investors as it indicates the promoter is willing to commit personal capital to increase their stake. Retail investors should watch for further disclosures about total promoter group holdings.