The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Kumar Kanoi
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Ajay Kumar Kanoi, who is a Promoter and Whole Time Director of Msafe Equipments Ltd, purchased 9,000 equity shares of the company through open market acquisition on May 19, 2026. Before this purchase, he held 50,99,000 shares representing 25% of the total share capital. After the acquisition, his holding increased to 51,08,000 shares representing 25.04% of the total share capital of 2,04,00,000 equity shares. The acquisition value was not specified in the filing. This is a routine disclosure under SEBI regulations for any acquisition exceeding 1% threshold by promoters.
This is a minor increase in promoter holding by 0.04 percentage points. The acquirer remains well below the 25% threshold for triggering an open offer under SAST regulations. The open market purchase signals promoter confidence in the company but is unlikely to have any immediate impact on the stock price given the small quantity involved.