The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanchan Saraogi
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The stock exchange has received a disclosure under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations from Kanchan Saraogi, who is associated with New Light Industries Ltd. Regulation 29(2) disclosures are filed by promoters or members of the promoter group whenever their shareholding in the company changes by more than 2% during a financial year. The specific nature of the transaction (whether it was an acquisition or a sale) and the exact percentage change are not disclosed in the available headline. Shareholders should refer to the full disclosure form on the BSE website for the exact details of the shareholding change.
This is a routine regulatory disclosure confirming that a promoter-related party has crossed the 2% shareholding change threshold during the year. The actual impact on the stock price or shareholder interests depends on whether shares were bought or sold and the size of the change, which is not clear from the headline alone.