Kanchan Daga has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of the SEBI ( SAST) Regulations, 2011.
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Kanchan Daga, along with persons acting in concert (Varun Daga Family Trust and Shreans Daga Family Trust), has filed a disclosure reporting an acquisition of 2,23,018 equity shares (0.84%) of Orbit Exports Limited via an off-market inter-se transfer on March 27, 2026. Prior to this acquisition, the combined holding of the acquirer and PACs was NIL; post-acquisition, it stands at 18,16,545 shares, representing 6.85% of the paid-up equity share capital (total shares: 2,65,11,152 of Rs. 10 each). The disclosure clarifies that the acquirer does not belong to the promoter or promoter group of the company. The filing has been made to comply with the 5% disclosure threshold under SEBI Takeover Regulations.
A new non-promoter group (Daga family-related trusts and individual) has built a 6.85% stake through an off-market transfer, which is below the 10% creeping acquisition limit but signals potential for further buying. Retail investors should watch for additional disclosures, as the next regulatory trigger would be at 10% shareholding.