The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anirudha Agrawal & PACs
MANAKALUCO · price
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Promoter Anirudha Agrawal has acquired 2,65,000 fully paid-up equity shares of Manaksia Aluminium Company Ltd, representing 0.404% of total equity capital. The shares were bought through the open market on 12 September 2025. Post-acquisition, his individual holding stands at 2,39,30,367 shares (36.516%), up from 36.112% earlier. Total promoter group holding has increased from 73.865% to 74.269% of the company. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a positive signal of promoter confidence, as the promoter is personally increasing his stake in the company from the open market. Such insider buying is generally viewed favorably by retail investors as it suggests the promoter believes the stock is undervalued or expects better days ahead.