The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akashdeep Jain
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Akashdeep Jain, Director of Navraav Electro Limited and a relative of the promoter (Person Acting in Concert), has disclosed the acquisition of 32,442 equity shares of Osiajee Texfab Ltd through open market purchases on 8th, 11th and 12th August 2025. This increased his shareholding from 4.16% (2,24,536 shares) to 4.76% (2,56,978 shares), a rise of 0.60%. The shares were bought at the open market over three trading days. The total equity share capital of the company stands at 54,00,000 shares. The acquirer has not crossed the 5% substantial shareholder threshold but is now close to it.
This is a creeping acquisition by a promoter group entity, bringing their holding closer to the 5% SAST trigger threshold. Small in absolute size and unlikely to materially impact share price, but signals continued accumulation by the promoter group in the open market.