The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for B K Narula HUF
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B K Narula HUF, part of the promoter group of Orosil Smiths India Ltd, acquired 8,79,403 equity shares (2.13% of paid-up capital) through open market purchases between 9 May 2025 and 30 September 2025. After this acquisition, the HUF's total holding in the company stands at 50,39,948 shares, or 12.20% of the equity share capital, up from 10.07% held earlier. The shares were acquired in normal market trading, with no change in the company's total share capital, which remains at Rs 4.13 crore (4,13,16,000 shares of Re 1 each). The disclosure has been filed under SEBI's Takeover Regulations to formally report the change in shareholding.
This is a positive signal for retail investors as a promoter group entity is increasing its stake, indicating insider confidence in the company. However, the acquisition of 2.13% is slightly above the 2% annual creeping acquisition limit allowed under SEBI Takeover Rules for shareholders holding 10-25%, which may attract regulatory attention.