The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ved Prakash Agarwal
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BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, from Ved Prakash Agarwal, who is part of the promoter group of Prakash Industries Ltd. This regulation requires promoters and promoter group entities to disclose any acquisition or disposal of shares that crosses the 2% threshold of the company's total share capital. The specific details of the transaction — whether it is a buy or a sell and the exact quantity or value — are not mentioned in the headline and would be available in the full disclosure form filed with the exchanges. This is a routine compliance filing, not necessarily indicative of any major strategic change.
Shareholders should check the actual Reg 29(2) form to see whether Ved Prakash Agarwal bought or sold shares, as the direction and size of the move will determine whether promoter holding is being increased or trimmed. On its own, this disclosure does not signal a material change in control or business outlook.