Haridas Thakarshi Kanani has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Promoter Haridas Thakarshi Kanani has submitted a disclosure to the exchange under Regulation 10(5) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation applies when an existing shareholder incrementally acquires more shares (a 'creeping' acquisition) and needs to disclose the purchase. The filing suggests the promoter is continuing to buy shares in the company on the open market. No specific share quantity, price or resulting holding percentage is mentioned in the headline — those details would be in the attached disclosure document.
For retail investors, this indicates ongoing promoter buying, which is generally seen as a positive signal of insider confidence in the company's prospects. Share price impact is usually modest but such incremental promoter accumulation is closely watched.