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 filed a disclosure under SEBI's Takeover Regulations regarding the sale of 500,000 equity shares (1.38%) of Narmada Macplast Drip Irrigation Systems Ltd in the open market on 20 March 2026. His holding has reduced from 2,838,892 shares (7.83%) to 2,338,892 shares (6.45%) of the company's share capital. The transaction was executed on the Bombay Stock Exchange where the company is listed. The total equity share capital of the company remains 36,230,000 shares.
This is a routine open-market sale by a non-promoter shareholder crossing the 1% disclosure threshold. The reduction in holding from 7.83% to 6.45% may create mild near-term selling pressure on the stock, but since Sachin Modi is not a promoter, it has no direct implication on the company's management or control.