The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Badrinath Industries Ltd
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Badrinath Industries Ltd, a non-promoter entity, has acquired 2,70,000 equity shares (6.02% of voting capital) of National General Industries Ltd through an off-market transaction on 24th September 2025. Prior to this acquisition, Badrinath Industries held zero shares in the company, meaning this is a fresh entry crossing the 5% disclosure threshold under SEBI takeover norms. The target company's total equity capital remains unchanged at 55,30,259 shares, and the acquisition was disclosed to BSE on 25th September 2025.
This indicates a new non-promoter shareholder has entered the company with a notable 6.02% stake via off-market route, which may suggest a strategic interest or block deal. Retail investors should monitor whether Badrinath Industries increases its stake further toward the 10% trigger threshold, as such acquisitions can influence future board composition or control dynamics.