The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendra K Daga
ORIENTBELL · price
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Awaiting price reaction for this filing.
Mahendra K. Daga, part of the promoter and promoter group of Orient Bell Ltd, has filed two disclosures under Regulation 29(2) of SEBI Takeover Regulations. On 16 Feb 2026, he bought 719 shares via open market, and on 17 Feb 2026, he bought 4,540 shares, taking his total holding from 30,53,237 shares (20.76%) to 30,58,496 shares (20.79%) of the company's equity capital. The total diluted share capital after these purchases stands at approximately 1.47 crore shares. The purchases are small in absolute terms (about 5,259 shares in total) but signal continued promoter confidence in the company at current market prices.
This is a minor open market purchase by a promoter, indicating steady, small-scale accumulation rather than a significant stake change. Shareholders may view this as a mild positive signal of promoter confidence, but the size is too small to materially affect stock price or control dynamics.