The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bindu M Patel
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BSE has acknowledged receipt of a disclosure filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 by Bindu M Patel, who appears to be part of the promoter/promoter group of Organic Coatings Ltd. Regulation 29(2) disclosures are typically triggered when a promoter or promoter-group entity acquires or disposes of shares of the company. The headline itself does not specify whether the transaction was a buy or a sell, nor the size of the move, so the exact nature of the insider activity is not clear from this notice alone.
This is an administrative acknowledgement from the exchange rather than the detailed disclosure itself. Retail investors should look for the accompanying Form filed by Bindu M Patel on the BSE/NSE portals to know whether it is a promoter acquisition or disposal, and whether any key threshold (such as 1% or the takeover trigger level) has been crossed.