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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Awaiting price reaction for this filing.
Ravi Agrawal, Managing Director and Promoter of Orissa Bengal Carrier Ltd, acquired 19,612 equity shares through open market purchases spread across three trading days — 3,086 shares on Feb 26, 9,837 shares on Feb 27, and 6,689 shares on Mar 2, 2026. After these purchases, his holding in the company rose from 9,498,910 shares (45.05%) to 9,518,522 shares (45.14%) of paid-up equity capital. The combined acquisition represents roughly 0.09% of the company's total share capital of about 2.11 crore equity shares. The disclosure has been filed under SEBI SAST Regulation 29(2) to report the change in shareholding.
The promoter is putting his own money into the stock, which is generally read as a confidence signal, though the size of the purchase is small (~0.09%) so any direct price impact is limited. No change in control is implied — he remains comfortably below the 50% mark.