Varun Daga Family Trust has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of the SEBI (SAST) Regulations, 2011.
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Varun Daga Family Trust, along with persons acting in concert (Shreans Daga Family Trust and Kanchan Daga), has acquired a 3.01% stake (7,99,064 equity shares) in Orbit Exports Limited through an off-market inter-se transfer on March 27, 2026. After this acquisition, the aggregate combined holding of the Trust and PACs stands at 6.85% (18,16,545 shares) of the company's paid-up equity share capital. The acquirer has explicitly stated that they do NOT belong to the promoter or promoter group of the company. This disclosure is filed under Regulation 29(1) of SEBI (SAST) Regulations, 2011, as the aggregate holding has crossed the 5% disclosure threshold for the first time.
This is a non-promoter entity crossing the 5% disclosure threshold, which signals a new substantial holder entering the company's shareholder base. The acquirer still has room to buy up to 10% under creeping acquisition rules before being required to make an open offer. Shareholders should monitor whether further acquisitions push this holder toward higher thresholds.