The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rathod Manoj Chhaganlal HUF
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BSE has received a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Rathod Manoj Chhaganlal HUF. This filing type is required when a shareholder crosses or changes certain ownership thresholds (typically 5% or by more than 2% of total share capital). The disclosed entity is a Hindu Undivided Family, which is often part of a promoter group in Indian companies. The actual transaction details — whether shares were acquired or disposed of, the number of shares, and the resulting shareholding percentage — are not contained in the provided document text.
Without the specific figures on direction (buy or sell) and the size of the change, retail investors cannot immediately gauge the impact on shareholding pattern or stock price. Investors should watch for the detailed disclosure from the company, which will clarify whether the HUF has increased or reduced its stake in Padam Cotton Yarns.