The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ram Gopal Jindal
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Ram Gopal Jindal, now classified as part of the promoter group after the completion of an open offer, has acquired 3,44,700 equity shares (5.79% of the equity capital) of NDA Securities Ltd from existing promoters — Sanjay Agarwal, N D Agarwal, Deepti Agarwal, Saroj Agarwal, N D Agarwal HUF, and NDA Research & Technologies Pvt Ltd. The transaction was an off-market Share Purchase Agreement dated February 1, 2024, with the actual acquisition completing on May 29, 2025. After the deal, Ram Gopal Jindal's individual holding rose from 42.77% to 48.56%, and combined with PAC Gaurav Jindal (10.26%), the total promoter group holding increased from 53.03% to 58.82%. The total share capital of the company remains unchanged at 59,48,364 equity shares of ₹10 each.
This is an internal reshuffle within the promoter group rather than a fresh market purchase, so there is no direct stock price impact. However, it signals a shift in control — the new promoter (Ram Gopal Jindal) now commands nearly half the company individually and nearly 59% with his PAC, which may affect minority shareholder influence on future corporate decisions.