Suresh Kumar Agrawal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Below 50pctCreeping Acquisition Near ThresholdOwnership Changes View source PDF

MANAKSIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.9%1-day move

₹55.89

prior close

₹55.60

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.1-0.9+3.1+4.9+9.3+5.6+11.6+7.3+9.7+3.1+3.1

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AI summary

Suresh Kumar Agrawal, along with Persons Acting in Concert (PACs), has submitted a declaration confirming no encumbrance of shares during FY 2025-26. The promoter group holds 3,22,32,460 shares (49.184% of total share capital) as of March 31, 2026. The holding includes contributions from 7 entities including family members and related companies like Vajra Machineries Pvt Ltd and Manaksia Steels Ltd. All shareholdings are free from any pledge or encumbrance.

Likely market impact

Promoter holding at 49.18% leaves limited room for further acquisition before reaching the 50% creeping acquisition trigger. Zero pledge indicates no immediate risk of forced selling from encumbered shares.