The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Samir Dilipkumar Shah & PACs
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Mr. Samir Dilipkumar Shah, Managing Director and Promoter of Medico Intercontinental Ltd, has bought 1,97,285 equity shares (1.97%) of the company through open market purchase on December 24, 2025. His individual holding rose from 44.43% (44,42,828 shares) to 46.40% (46,40,113 shares). Together with PACs (persons acting in concert), the promoter group's combined stake increased from 57.11% to 59.08% of the company's equity. The total share capital of the company remains 1,00,00,000 equity shares. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011.
This is a positive signal showing promoter confidence in the company, as insider buying of nearly 2% via open market is a notable vote of faith. The promoter's personal stake is now just below the 50% mark, which could give him firmer control going forward.