The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Daizam Aggarwal
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Daizam Aggarwal has filed a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulation 29(1) regarding the acquisition of 5,00,000 equity shares, representing 6.36% of the paid-up capital of Hari Govind International Ltd (BSE Scrip Code: 531971). The shares were acquired through allotment on a preferential basis, meaning they were issued directly by the company rather than purchased from the open market. The disclosure was submitted to both BSE and the company's board on August 21, 2025, in compliance with the requirement to disclose any acquisition that crosses the 5% shareholding threshold. Note: the BSE filing metadata references 'Popees Baby Care India Ltd', but the document body clearly pertains to Hari Govind International Ltd, suggesting a data tagging mismatch.
This signals that a new entity has crossed the 5% substantial shareholder threshold via a preferential allotment, which typically results in dilution for existing shareholders. Investors should monitor for further disclosures about the acquirer's identity, intentions, and any additional stake-building activity, as preferential allotments to specific investors can indicate strategic investment or promoter restructuring.