The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kiran Thummalapalli
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Awaiting price reaction for this filing.
Kiran Thummalapalli, part of the promoter group of Mudunuru Limited, bought 65,451 equity shares (0.20% stake) through open market between February 24-25, 2026. The acquisition increased his voting-rights shareholding from 20,75,330 shares (6.34%) to 21,40,781 shares (6.54%) of the company. The purchase was carried out on BSE, and Mudunuru's total equity capital stands at Rs. 6.54 crore divided into 3.27 crore shares of Rs. 2 each. The filing was made under SEBI's takeover regulations requiring disclosure of any acquisition above 2% of share capital (or 5% changes), with the promoter's post-acquisition holding still well below the 10% creeping acquisition limit.
This is a modest insider purchase by a promoter-group member, which generally signals insider confidence in the company. The size of the acquisition is small (~0.20%), so it is unlikely to move the share price materially on its own, but it adds to promoter skin-in-the-game and reduces the chance of creeping toward a takeover threshold in the near term.