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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Awaiting price reaction for this filing.
Sachin Govindlal Modi, a non-promoter individual shareholder, bought 53,000 equity shares (0.15%) of Narmada Macplast Drip Irrigation Systems Ltd through the open market on October 28, 2025. His holding rose from 20,81,076 shares (5.74%) to 21,34,076 shares (5.89%) of the company's equity capital of 3,62,30,000 shares. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011. The acquirer has confirmed he is not part of the promoter or promoter group, making this a non-promoter creeping acquisition with no change in management control.
This is a small, incremental purchase by a non-promoter individual and is unlikely to materially affect the stock price or existing shareholder structure. It signals mild confidence from a sizeable non-promoter shareholder, but the change is too minor to trigger meaningful market reaction.