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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Promoter Ved Prakash Agarwal purchased 24,000 equity shares of Prakash Industries Ltd from the open market (NSE) on June 10 and June 11, 2025. His shareholding increased from 22,265,398 shares (12.433%) to 22,289,398 shares (12.446%), a marginal rise of about 0.013%. The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The total equity share capital of the company remains unchanged at 17,90,81,839 shares of Rs. 10 each. This is a small open-market purchase by the promoter, not a large block deal or preferential allotment.
This is a small token purchase by the promoter showing continued confidence, but the increase in stake is negligible (0.013%) and unlikely to materially affect the stock price. Shareholders can view this as a positive signal of promoter belief in the company, though the size is too small to be operationally significant.