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, has disclosed the purchase of 34,341 equity shares (0.09% of voting capital) of Narmada Macplast Drip Irrigation Systems Ltd through the open market on 25 November 2025. His holding has risen from 2,695,175 shares (7.44%) to 2,729,516 shares (7.53%) of the company's equity share capital of 3,62,30,000 shares. The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011, as the acquisition triggered a change in his voting rights. A copy was also filed with the target company as required.
The buyer is a non-promoter, so this is not a promoter-driven move. With his stake now at 7.53%, he is inching closer to the 10% open-offer trigger threshold, meaning any further purchases will be watched closely. For retail investors, this is a small, routine block purchase and unlikely to move the stock price meaningfully on its own.