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 shareholder, has disclosed an open-market acquisition of 1,49,450 equity shares (0.41%) of Narmada Macplast Drip Irrigation Systems Ltd on 7 November 2025. This takes his total holding from 25,35,641 shares (7.00%) to 26,85,091 shares (7.41%) of the company. The total equity share capital of the company is 3,62,30,000 shares. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which mandates reporting whenever there is a change in shareholding or voting rights.
A non-promoter steadily increasing his stake through open-market purchases to 7.41% signals growing investor confidence in the company. Investors should note the acquirer is approaching the 10% SAST disclosure threshold, which could trigger further buying or regulatory filings in the future.