The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Darshik D Mehta
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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Darshik D Mehta, who appears to be part of the promoter/promoter group. This regulation requires promoters to disclose changes in their shareholding of 2% or more of the voting rights in the company. The specific direction (acquisition or disposal), number of shares, and percentage change are not detailed in the headline and would need to be checked in the full filing on the BSE website.
This is a routine regulatory disclosure and by itself does not indicate a major shift in control. Shareholders should review the full disclosure to know whether the promoter has increased or reduced their stake, as either move can be a sentiment signal for the stock.