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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On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 2.2 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ravi Agrawal, Managing Director and Promoter of OBCL Limited, acquired 1,21,523 equity shares (0.58% of paid-up capital) through open market purchases over three days: 45,132 shares on March 10, 2026 (0.21%), 31,294 shares on March 11, 2026 (0.15%), and 45,097 shares on March 12, 2026 (0.21%). His total holding in the company increased from 95,22,719 shares (45.16%) to 96,44,242 shares (45.74%). The disclosure was filed under SEBI SAST Regulation 29(2), which is triggered when an acquirer's shareholding crosses or changes beyond specified thresholds.
This is a positive signal as the promoter is personally buying shares from the open market, which typically reflects confidence in the company's future. His post-acquisition holding of 45.74% is still below the 50% mark, so no change of control is implied, but the stake is inching closer to that level.