The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Venu Gopal Peruri
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Venu Gopal Peruri, Promoter and Managing Director of Meta Infotech Limited, has acquired 1,60,800 equity shares (face value INR 10 each) through open market purchases on BSE on March 2, 2026 (1,06,400 shares) and March 4, 2026 (54,400 shares). This represents a 0.85% increase in his stake, taking his holding from 1,29,17,121 shares (68.41%) to 1,30,77,921 shares (69.26%) of the company's total equity share capital. The disclosure has been made under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The total equity share capital of the company remains at INR 18,88,14,000 comprising 1,88,81,400 equity shares.
This is a positive signal indicating promoter confidence, as the Managing Director is increasing his personal stake in the company. Such open-market buying by a promoter generally boosts retail investor sentiment, though the change is incremental (less than 1%) and the promoter already held a controlling stake above 68%.