The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte
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The BSE has received a disclosure from Yatin Sanjay Gupte under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation requires substantial shareholders or persons acting in concert to disclose changes in their shareholding exceeding 2% of the company's total share capital. The filing confirms Yatin Sanjay Gupte is a substantial shareholder in Mangalam Industrial Finance Ltd, but the direction of the change (acquisition or disposal) and the exact quantum are not specified in the available information.
The disclosure itself is a routine regulatory filing required when a significant shareholder's stake changes by more than 2%. Without details on whether shares were bought or sold and the size of the change, retail investors should wait for the full disclosure to assess any meaningful impact on shareholding patterns or stock price.