The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravi Agrawal
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Ravi Agrawal, Managing Director and Promoter of Orissa Bengal Carrier Ltd, has acquired 57,875 equity shares (0.27% of paid-up capital) through open market purchases over three trading days — 23 Feb 2026 (51,816 shares), 24 Feb 2026 (3,832 shares) and 25 Feb 2026 (2,227 shares). Following this acquisition, his holding has risen from 94,41,035 shares (44.78%) to 94,98,910 shares (45.05%) of the company's total equity share capital of 2,10,82,790 shares. The disclosure has been filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, which mandates promoters to report changes in their shareholding.
This is a small but consistent promoter buy, signalling insider confidence. However, with the promoter's stake now at 45.05%, he is getting closer to the 50% threshold; any further acquisitions may trigger additional disclosures or mandatory open offer requirements under SAST rules. Existing shareholders should note the promoter's gradual increase in ownership.