The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sachin Modi
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Sachin Govindlal Modi, a non-promoter individual shareholder, acquired 40,441 equity shares (0.11%) of Narmada Macplast Drip Irrigation Systems Ltd through open market purchases on 31 October 2025. This raised his total holding from 22,03,620 shares (6.08%) to 22,44,061 shares (6.19%) of the company. The filing is made under Regulation 29(2) of the SEBI Takeover Regulations, which requires disclosure whenever a non-promoter shareholder crosses certain percentage thresholds or makes incremental acquisitions. The total equity share capital of the company remains 3,62,30,000 shares.
This is a small creeping acquisition by a non-promoter shareholder with no implications for company control or promoter holding. The increase in stake is marginal and unlikely to materially affect the stock price or shareholder composition.