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 of Narmada Macplast Drip Irrigation Systems Ltd, has disclosed a change in his shareholding under SEBI Takeover Regulations. Although the disclosure is filed as a Regulation 29(2) form, the actual numbers show a sale of 204,788 shares (0.57% of total share capital) done through the open market on 18/03/2026. As a result, his holding reduced from 30,43,680 shares (8.40%) to 28,38,892 shares (7.83%) of the company. The total equity share capital of the company remains unchanged at 3,62,30,000 shares.
This is a small open-market sale by a non-promoter individual shareholder, reducing his stake by about 0.57%. The size of the transaction is minor and unlikely to have a meaningful impact on the stock price or shareholder value. Retail investors need not be concerned as no promoter holding change is involved.