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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Mr. Ajay Kumar Kanoi, who is a Promoter and Whole Time Director of Msafe Equipments Ltd, purchased 67,000 equity shares of the company through open market acquisition on March 30, 2026. Before this purchase, he held 50,32,000 shares representing 24.67% of the total share capital. After the acquisition, his holding increased to 50,99,000 shares representing 25% of the total share capital of 2,04,00,000 equity shares. The acquisition was disclosed under Regulation 29(2) of SEBI SAST Regulations, 2011, which requires disclosure when a promoter's holding reaches or exceeds the 25% threshold.
The promoter has increased their stake by 0.33% to reach exactly 25%, which is the threshold requiring disclosure under SAST regulations. This is a modest increase showing continued confidence in the company by a key insider.