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 of Narmada Macplast Drip Irrigation Systems Ltd, has sold 3,50,000 shares (0.97% of the company's equity) through the open market on 24/03/2026. His holding reduced from 16,63,892 shares (4.59%) to 13,13,892 shares (3.62%) of the company. The total equity share capital of the company remains unchanged at 3,62,30,000 shares. The disclosure was filed with BSE as required under SEBI's substantial acquisition and takeover regulations.
This is a non-promoter offloading a small stake via open market, so it has limited direct impact on the stock. Retail investors should note the seller is not part of the promoter group, meaning promoter control and ownership remain unaffected.