The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manjuladevi Sanghai
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Awaiting price reaction for this filing.
The stock exchange has received a disclosure under Regulation 10(6) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Manjuladevi Sanghai, who is part of the promoter/promoter group of Polo Queen Industrial and Fintech Ltd. Regulation 10(6) disclosures are mandatory filings made by existing shareholders who already hold 5% or more of the company's shares and have made further acquisitions reaching the creeping acquisition limit (typically 10% aggregate in a financial year). This is a routine regulatory compliance filing and confirms ongoing share movement by an insider. The exact number of shares bought or sold and the resulting shareholding percentage are not detailed in the headline.
This is a routine compliance disclosure rather than a material price-moving event. Retail investors should look at the full Form 10(6) filing on the BSE website to see whether the promoter group is increasing or reducing its holding, as direction and size of the move will determine any real impact on the stock.