The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Kumar Jain, Raksha Jain, Roshni Jain, ....
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Promoters of MRP Agro Ltd (Manish Kumar Jain, Raksha Jain, Manish Kumar Jain HUF, and Roshni Jain) acquired 3,91,730 equity shares on March 02, 2026, representing 3.53% of the company's share capital. The shares were allotted through fully convertible warrants on a preferential basis. The combined promoter group holding increased from 65.67% to 66.84% post-acquisition. Individual acquisitions were 1.28% (Raksha Jain), 1.14% (Manish Kumar Jain), 1.09% (Manish Kumar Jain HUF), and 0.02% (Roshni Jain).
This is a positive signal showing promoter confidence in the company, as insiders are increasing their stake through a preferential allotment. Since the promoter group already holds over 65% of the company, the incremental change in control is marginal, but it reinforces promoter commitment to the business.