The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravi Agrawal
OBCL · price
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Ravi Agrawal, Managing Director and Promoter of OBCL Limited, has disclosed the purchase of 1,33,908 equity shares through open market acquisitions on 13th, 16th, and 17th March 2026. This increased his stake in the company from 45.74% (96,44,242 shares) to 46.38% (97,78,150 shares), a rise of about 0.64 percentage points. The total equity share capital of the company remains unchanged at 2,10,82,790 shares. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011, which mandates reporting of share acquisitions by promoters.
This is a positive signal as the promoter is putting his own money into the company, showing confidence in the business. However, the increase is small (under 1%), and the promoter remains below the 50% threshold, leaving room for further creeping acquisitions without triggering a mandatory open offer.