The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devendra Shukla
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Devendra Shukla, a non-promoter individual acquirer, has disclosed the acquisition of 4,21,175 equity shares (7.09%) of Oxford Industries Ltd under SEBI's SAST Regulations. The acquisition was done through an off-market transaction on December 15, 2025. After this acquisition, his total holding stands at 7.09% of the company's paid-up equity share capital (59,43,350 shares of Rs. 10 each). The acquirer has explicitly confirmed he does not belong to the promoter or promoter group of the company. The filing was made because his shareholding crossed the 5% disclosure threshold under Regulation 29(1).
A non-promoter quietly acquiring a 7.09% stake through off-market route is significant for shareholders — it may indicate a potential takeover bid or a strategic investor building a meaningful position. Shareholders should watch for any further disclosures as the acquirer approaches the 10% open-offer trigger threshold under SAST rules.