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, a member of the promoter group of Mahip Industries Ltd, has acquired 31,00,000 equity shares (16.11% of the company's share capital) through an off-market transaction on 13 March 2026. Before the acquisition, she held 12,28,528 shares (6.39%), and after the acquisition her total holding stands at 43,28,528 shares (22.50%). The disclosure has been filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The total share capital of the company is 1,92,39,984 equity shares of Rs. 10 each (Rs. 19.24 crore). The acquisition is being made by a promoter group member, signalling insider confidence, but the size of the acquisition (16.11% in a single off-market deal) may attract open offer obligations under SEBI takeover rules.
This is a significant promoter group buying activity, with stake rising from 6.39% to 22.50% — a clear positive signal of insider confidence. However, the large single-tranche acquisition may trigger mandatory open offer requirements, and investors should watch for further disclosures or any impact on share price liquidity given the off-market nature of the deal.