The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ved Prakash Agarwal
PRAKASH · price
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Ved Prakash Agarwal, a promoter of Prakash Industries Ltd, purchased 12,000 equity shares from the open market on NSE on 13th June 2025. His stake increased marginally from 12.453% (2,23,01,398 shares) to 12.460% (2,23,13,398 shares), a rise of just 0.007%. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, which mandates reporting of changes in shareholding by promoters and major shareholders. The total equity share capital of the company remains at 17,90,81,839 equity shares of Rs. 10 each. The acquisition appears to be a small, routine open-market purchase by the promoter.
The change in promoter holding is negligible (0.007%) and unlikely to have any meaningful impact on the stock price or shareholder interests. It signals promoter confidence but the scale is too small to be material.