The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sumit Kumar Ramesh Gupta & Manish Gupta
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VR Woodart Limited (BSE Scrip Code: 523888) received a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations. Sumit Kumar Ramesh Gupta and Manisha Gupta, who are NOT part of the promoter/promoter group, acquired 2,26,520 equity shares (1.52% of total share capital) through an open market purchase on 17.06.2025. This took their combined holding from 16,00,000 shares (10.74%) to 18,26,520 shares (12.26%), crossing above the 10% disclosure threshold. The total equity share capital of the company is 1,48,91,806 shares of face value Rs. 10 each.
A non-promoter entity raising its stake above 10% is a notable event as it could influence future corporate decisions and may attract further buying given they are now close to the next regulatory threshold of 15%. Shareholders should monitor whether this is a one-time purchase or part of a larger accumulation strategy.