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 acquirer, has bought 2,00,000 equity shares of Narmada Macplast Drip Irrigation Systems Ltd in the open market on 20 January 2026. This increases his shareholding from 28,13,684 shares (7.76%) to 30,13,684 shares (8.32%), a rise of 0.56 percentage points. The disclosure was filed under SEBI's Takeover Regulations, which require reporting changes of more than 2% in a financial year for non-promoters, or any acquisition when crossing the 5% or 10% thresholds. The acquisition was made in the open market and the total equity share capital of the company remains at 3,62,30,000 shares.
A non-promoter steadily building stake via open-market purchases signals confidence in the company, but the size is small and the acquirer remains well below the 10% takeover trigger threshold, so this is unlikely to have a material impact on the stock price or control structure.