In compliance with Regulation 29(2) of the SEBI (SAST) Regulations, we have received disclosure regarding acquisition of Equity Shares, representing 0.38% of the share capital of the Target ....
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Porwal Auto Components Limited reported a disclosure under SEBI (SAST) Regulations regarding the acquisition of 56,960 equity shares, representing 0.38% of the company's share capital, by members of the Promoter Group. The acquirers include Mrs. Manju Jain (10,105 shares), Mrs. Parul Jain (16,100 shares), Mrs. Palak Jain (16,000 shares), and Mrs. Swati Jain (14,755 shares). The acquisition was carried out through open market purchases on November 18, 2025. Following this acquisition, the combined holding of the acquirers rose from 1.68 lakh shares (1.12%) to 2.25 lakh shares (1.50%) of the company's paid-up equity share capital of Rs. 15.10 crores consisting of 1.15 crore equity shares of Rs. 10 each.
This is a small open-market purchase by the promoter family indicating mild insider confidence in the company, though the stake increase is modest at 0.38%. The total post-acquisition holding of just 1.50% means this is unlikely to materially affect share price or control dynamics.